Allendale, Inc. | eSNAPSHOT

Soybean Magic
Allendale Inc would like to explore the potential for USDA to drop old crop soybean end stocks below 100 million bushels, let alone down to a level of 75 - 77 million bushels. If history is a good teacher we may only have to venture back to just last year as an example of what measures USDA may utilize in order to keep projected days of supply above the existing 16 which mirrors 2003 - 04...

When Will Milk Production Be Back in Balance? The April milk production report indicates milk production is beginning to decrease. The March report initially recorded a .3% decrease in milk production for the 50 states however, USDA revised March milk production up to steady on Mondays report. This w
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Another Week of Strong Soybean Exports Soybean export sales continue on their relentless pace with old crop export sales of 25.7 million bushels, well over the 2.1 million needed to reach the 1.24 billion bushels USDA estimate. New crop export sales totaled an additional 24.5 million bushels. Combined sales of 50.2 million bushels were well over...
Full Report

An Old Farmer Looks At the Grain Markets Managing the family farm for 30 plus years following the retirement of my father, before turning the key on my tractor off for the last time, should at least give me a little credit when it comes to knowing how agricultural producers are feeling about ano
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Allendale ChartHawk
Introducing the new Allendale ChartHawk feature on our website. We will use this forum to spotlight specific commodities, trade recommendations, or interesting findings from our numerous research projects. We invite you to check back frequently as ChartHawk will be updated on a semi regular basis. Feel free to contact us should you have any questions regarding information presented in our ChartHawk feature.

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