Allendale Inc.

Articles By Allendale Inc.

Jul 01, 2020

Market Turns to Weather Post USDA

Good Morning from Allendale, Inc. with the early morning commentary for July 1, 2020. Grain Markets were mixed overnight as trading begins in the new month and new quarter. With the USDA reports out of the way, traders will focus on weather forecasts and Chinese demand for the next direction
Jun 29, 2020

Favorable Weather Pressures Grain Markets

Good Morning from Allendale, Inc. with the early morning commentary for June 29, 2020. Grain Markets were mixed overnight with corn futures edging higher after five consecutive sessions lower while soybean and wheat futures pulled back on weather conditions. Forecasters expect favorable rains across the heart of the Midwest farm
Jun 26, 2020

Traders Search for Balance on Multiple Fronts

Good Morning from Allendale, Inc. with the early morning commentary for June 26, 2020. Grain Markets are mixed overnight as traders continue to balance new spikes in COVID-19 cases, world weather forecasts, option expiration, and thoughts on next week's USDA Grains Stocks and Acreage reports. Average estimates for next week's
Jun 24, 2020

Weather adds price support but uncertainty remains

Good Morning from Allendale, Inc. with the early morning commentary for June 24, 2020. Grain Markets overnight were mixed. Soybean futures were higher on the latest 6-10 day from NOAA suggesting much above normal temperatures for the Upper Midwest. Traders will wait for that forecast to hold for a couple
Jun 22, 2020

Coronavirus Still Slowing Demand

Good Morning from Allendale, Inc. with the early morning commentary for June 22, 2020. Grain Markets overnight were mixed with soybean futures lower, as it took a breather after climbing to its highest price since early April on renewed expectations of stronger Chinese demand. Wheat futures lost more ground due
Jun 19, 2020

Markets Look to Familiar Stories

Good Morning from Allendale, Inc. with the early morning commentary for June 19, 2020. Grain Markets look to the end of the week with many of the same stories at the forefront. Weather forecasts, Chinese buying, and coronavirus updates all have the ability to shift mentalities and pricing. Weekly export
Jun 18, 2020

Weather, Exports in Focus

Good Morning from Allendale, Inc. with the early morning commentary for June 18, 2020. Grain Markets have one eye on the latest weather map updates, looking for any chance of a shift in the forecast, while the other looks to export sales later this morning. Weekly export sales are expected
Jun 17, 2020

Weather Maps Show Signs of Support

Good Morning from Allendale, Inc. with the early morning commentary for June 17, 2020. Grain Markets slid lower in anticipation of larger global supply and demand concerns as coronavirus cases surge higher in some U.S. states. Wheat and corn futures felt pressure as U.S. weather maps improved and harvest of
Jun 16, 2020

Crop Ratings Offer a Surprise

Good Morning from Allendale, Inc. with the early morning commentary for June 16, 2020. Grain Markets were higher overnight on the lower than expected crop progress numbers issued by the USDA. Traders will continue to monitor weather forecasts for potential July heat, while looking to 8:00 AM export sales for