NOW AVALIABLE! 2023 Acreage Survey Results

Allendale, Inc. announces results of the 2023 acreage survey.

March 15, 2023: McHenry, Illinois based analytical research/brokerage firm Allendale Inc. estimates the following 2023 acreage based on its annual nationwide producer survey: There were 24 separate states participating this year.



                       2022   USDA AGFORUM   ALDL 2023      Vs. 2022

Corn                 88.579        91.0         90.414        +1.835

Soybeans             87.450        87.5         87.768        +0.318

All Wheat            45.738        49.5         48.706        +2.968

Winter Wheat         33.271                     36.524        +3.253

Durum Wheat           1.632                      1.575        -0.057

Other Spring Wheat   10.835                     10.607        -0.228



                     SURVEY                       USDA       IMPLIED


Corn                 90.414      82.565          181.5        14.986

Soybeans             87.768      86.966           52.0         4.522

All Wheat            48.706      37.784           49.1         1.855




                       2022 ALDL SURVEY             2023 ALDL SURVEY

                            OLD     NEW                  OLD     NEW

Corn                        76%     17%                  75%     15%

Soybeans                    88%     22%                  85%     14%

All Wheat                           25%                          17%

Corn planting intentions of 90.414 million acres would be 1.8 million over 2022. Using USDA’s AgForum percent harvested and trend yield estimates production of 14.986 billion would be 1.3 billion bushels over 2022. This would be the third largest production on record.

Soybean planting intentions are seen at 87.768 million acres, 0.3 million over last year. This would be the third highest planting ever. Using USDA’s AgForum percent harvested and trend yield estimates production of 4.522 billion bushels would be a record and 246 million over last year.

Wheat acreage is estimated at 48.706 million acres, 3.0 million over last year. This is the best all-wheat acreage in seven years. Using USDA’s AgForum percent harvested and trend yield estimates production of 1.855 billion is 205 million over last year.



This material has been prepared by a sales or trading employee or agent of Allendale Inc. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Allendale Inc.’s Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions. DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Allendale Inc. believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades


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