Articles tagged under: Rich Nelson

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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Good Export Sales Noted For Mid-October

Published October 23, 2020

Allendale Chief Strategist Rich Nelson says we continue to see very good corn export sales. "It's the second best for this specific week. As far as the soybeans, the export numbers were within trade expectations and the grain markets reacted…

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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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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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