Articles tagged under: Rich Nelson
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…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…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…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…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…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…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…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…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…