Articles tagged under: Allendale

Allendale Releases Yield Survey

Published September 4, 2024

Allendale is forecasting a 15 billion bushel corn crop. That is down from USDA’s latest estimate of 15.1 billion bushels. Allendale is forecasting an average corn yield of 182.5 bushels per acre, down more than a half-bushel from USDA’s estimate.…

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Weather Market Premiums Lifted

Published May 6, 2022

Grain traders have begun pulling some of the weather premium out of the corn and soybean markets. Allendale Chief Analyst Rich Nelson says there has not been a big shift in market mentality, but traders are becoming more cautious. "At…

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Fire Shuts Down NE Beef Packing Plant

Published September 13, 2021

A JBS-USA beef packing plant in Grand Island, Nebraska had a fire on Sunday night. This interrupted production at the facility. A statement on the JBS Grand Island Beef Facebook page said at this time, fabrication and slaughter of the…

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Grain Stocks Surprise Traders in the July WASDE Report

Published July 12, 2021

Most of the July WASDE report was as grain traders expected. Allendale Chief Market Strategist Rich Nelson says the grain stocks were the big story and offered a surprise. "We were watching the new crop corn exports, which the USDA…

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Analysts Prepare for August Supply and Demand Report

Published August 8, 2020

The USDA will release its August Supply and Demand report on Wednesday. Allendale President Steve Georgy says market analysts are preparing for the details. "There's some negativity in the markets ahead of the report, with some analysts thinking the USDA…

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Second Backlog of Hogs Anticipated in Q4

Published July 23, 2020

Allendale Chief Strategist Rich Nelson says the swine industry is expecting to see a build in the backlog of hogs. "The issue isn't just a backlog in current hogs, but there are some concerns about the fourth quarter supply. We…

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Grain Traders Focus on Planting Progress

Published May 1, 2020

As May begins, planting progress becomes the focus for grain traders. Most traders are looking for Monday’s corn planting progress to be close to half done. "There's definitely some traders looking for the western Corn Belt to pull the eastern…

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Decent Export Sales on Thursday

Published February 27, 2020

According to the USDA weekly export sales report, U.S. sorghum export sales hit a marketing year high of 444,500 tons to unknown destinations. The export numbers could be signs of China trade deal buying. Allendale Chief Marketing Strategist Rich Nelson…

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South America Has Good Crops Coming

Published February 11, 2020

South America has good crops coming. "If you look at the numbers we have from Brazil and Argentina in the latest USDA report, there's an increase in the soybean numbers to 125 million metric tons. That's much bigger than where…

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Grain Market Continues to Wait for China Purchases

Published January 29, 2020

Funds are short at the end of January and renewed purchases from China are yet to be seen. According to Allendale President Steve Georgy, both are dragging on the markets. "China is on holiday this week. We won't see purchases…

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