Articles tagged under: Allendale

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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Market Analysts Cautious on Phase One Announcement

Published December 31, 2019

Allendale Chief Strategist Rich Nelson expects traders to remain very cautious of the China trade agreement until they see actual sales. "We're all playing with some numbers on this Chinese trade deal. The impact, if it's fully implementing, would be…

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Analysts Prepare for Friday’s USDA Supply and Demand Report

Published November 4, 2019

The November USDA World Agricultural Supply and Demand Estimates (WASDE) report is not expected to show much change in crop production. Allendale Chief Strategist Rich Nelson says the November WASDE report typically does not make any big changes. "Often we…

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Farmers Have Concerns About Crop Maturity

Published September 5, 2019

The U.S. crop looks good, but crop maturity will be key for the next few weeks. According to the latest Allendale farmer survey, Allendale Chief Marketing Strategist Rich Nelson says farmers in the western Corn Belt will have serious concerns…

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Allendale Projects Smaller U.S. Crop

Published September 4, 2019

Ahead of next week’s USDA report, Allendale is projecting the U.S. corn crop at 13.75 billion bushels, with a yield of 167.7 bushels/acre. Their soybean crop estimate is 3.49 billion bushels, with a 46 bushel/acre yield. That's below USDA's August…

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Breakevens, Cash Flow and Structuring Positions a Focus for Farmers in 2019

Published January 30, 2019

This will be a year for farmers to concentrate on breakevens, cash flow and structuring positions to manage risk, according to Allendale founder and agricultural economist Bill Biedermann. Attendees at the Northwest Farm Managers meeting looked at ways to improve…

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Allendale Estimates Record Corn and Soybean Yields

Published September 7, 2018

The agricultural commodity brokerage firm, Allendale, has released the results of their annual Nationwide Producer Yield Survey.  The survey suggests a projected U.S. corn crop of 14.529 billion bushels with an average yield of 178.38 bushels per acres. The U.S.…

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Forecasts Come Ahead of Friday’s Acreage Report

Published June 25, 2018

Allendale is forecasting U.S. soybean acreage at 89.4 million acres and corn at 88.6 million. That compares to the March USDA Prospective Plantings Report estimate of 88 million acres for corn and 88.9 million acres for soybeans. Allendale expects spring…

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Grains Led by Higher Wheat Complex

Published April 30, 2018

Today's grain markets were led higher by the wheat complex. Allendale Chief Strategist Rich Nelson says to keep an eye on the Kansas winter wheat tour. "Results are announced Thursday. So, at this point in time, the trade is bracing…

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