Oct 09
Despite the temporary suspension of full U.S. Department of Agriculture (USDA) reports due to the government shutdown, market analysts have continued to gauge the grain markets, confirming a prevailing concern: large grain supplies are currently in storage. This view is supported by trade analyst polls and carryover data from previous reports, suggesting minimal changes to …
Sep 12
Allendale’s Rich Nelson joined associate farm reporter Carli Davenport to break down the latest USDA report, which delivered a mixed bag for corn, soybeans, wheat, cotton, and livestock markets. Wheat: Watching Russia CloselyThe wheat market’s focus has shifted overseas. Russia’s crop has been consistently revised higher by private analysts, with estimates now around 87 million …
May 12
The agricultural markets absorbed the latest World Agricultural Supply and Demand Estimates (WASDE) report released today by the USDA, revealing some unexpected figures in its initial outlook for the 2025 crop year. Rich Nelson from Allendale joined Farm Director KC Sheperd to break down the key findings Wheat Production Surprises to the Upside: The wheat …
Apr 10
The United States Department of Agriculture (USDA) has released its latest World Agricultural Supply and Demand Estimates report, offering insights into the current and future state of key agricultural commodities. Farm Director KC Sheperd discussed the report’s findings with Rich Nelson from Allendale, uncovering some notable shifts and potential future trends. “You know, we …
Oct 11
Lynsey Such with Allendale discussed the latest agricultural report, highlighting reduced wheat supply and potential impacts of erratic weather on crops. She also noted increased beef production and anticipated higher beef imports in 2024 and 2025, predicting a tight supply situation to continue into early 2025. Lynsey expected the next couple of months to be …
Jun 12
USDA largely held pat on its June supply and demand numbers despite expectations that there would be lower corn ending stocks and lower production in South America as well. The numbers should surprise the grain trade, which was expecting some movement in the supply side. Farm Director KC Sheperd discussed the latest World Agricultural Supply …
Jan 12
USDA on Friday released its January Crop Production, World Agricultural Supply and Demand Estimates (WASDE) Dec. 1 Grain Stocks and Winter Wheat Seedings reports. USDA pegged final national average corn yield at a record 177.3 bushels per acre (bpa), well above the range of pre-report expectations. Production was pegged at 15.34 billion bushels (bb). Soybean …
Dec 08
USDA lowered Brazilian soybean production by 2 million metric tons (mmt) to 161 mmt (5.9 billion bushels) in one of the few significant changes to crop production numbers. Despite lower production, USDA increased Brazil’s exports 2 mmt to 99.5 mmt. On Friday, USDA released the World Agricultural Supply & Demand Estimates (WASDE) for December. The …
Nov 09
USDA on Thursday slightly bumped up crop production for corn and soybeans and brought down projected ending stocks for both crops as well. USDA increased the 2023-24 corn production by 170 million bushels (mb) to 15.234 billion bushels (bb) — a surprise that was beyond the pre-report estimates. If that holds, that breaks the 2016 …
