Allendale, Inc.

12/23/2024

🎄✨ Twas the trade before Christmas, and all through the Board, the markets were quiet, not a price point soared. No snow falling, lights glowing, and we’re wrapping up the year with a bow (and maybe a few cookies too).

Our offices will close tomorrow afternoon and all day Wednesday—because even Santa takes a break! 🎅 We’ll be back Thursday, refreshed and ready to tackle the markets. Until then, may your holidays be as bright as a limit-up day! 🌟📉📈

12/17/2024

10/28/2024

It’s true, this year ranks as the third driest August-September since 1951. But does a dry finish always mean yield cuts ahead? We’ll dive into it and what history shows in this week’s Snapshot 👉 http://allendalehub.com

10/24/2024

NEW PODCAST! "Corn Demand Remains A Bright Light" - Listen to our latest podcasts by going to CommodityCast.com or subscribe on Spotify, YouTube, or Apple Play

10/23/2024

The wholesale beef rally is heating up with prices +27.73 in just 18 days—above last year's rally. 🥩 Cash beef prices are also up +6% vs. last year, driven by packer kill cuts and tight supply.

🔥 Cash cattle prices have climbed $3 in three weeks, with futures pointing to steady prices into 2025.

10/22/2024

Winter wheat will see their first crop ratings next week. As a reminder rainfall into planting isn't always a great indicator of final yield, focus will remain on precipitation out of dormancy. However we do have to acknowledge the fact that winter wheat is being planted in dry conditions world wide.

10/22/2024

Catch our latest insights every Tuesday and Thursday! Head to allendalehub.com, simply click on 'Podcast' in the navigation bar, or subscribe to CommodityCast on your favorite podcast platform.

10/21/2024

Corn and soybeans have historically moved together, maintaining a strong correlation driven by shared demand factors such as exports and domestic use. This 30-day rolling correlation chart underscores that close relationship, with values typically above 0.5 over the past few years. However, there have been some notable shifts recently.

Recent Decline:
While correlations between corn and soybeans have varied over the years, we’ve seen a distinct decline since July. This may be attributed to diverging export demand, as soybeans have become less competitive compared to corn. The shift in market dynamics is worth monitoring as we move forward.

10/17/2024

We have so much to celebrate in October, but today is extra special! 🎉 Happy Birthday, Steve Georgy! 🎂🎈 On this special day, we’re throwing it back and saying a big thank you for everything you do—like sharing your Morning Coffee Break commentary even on your birthday! ☕️ Here's to you, Steve! Enjoy your day!

10/17/2024

For just 2 ½ months, the U.S. held the top spot for the cheapest soybean export bids. But now, the tides have turned! 🌎 Due to Brazil's falling prices and a weakening Brazilian real, they've reclaimed their position as the world’s most competitive soybean exporter.

We talk about this in our quick studies! allendalehub.com