Estimates for Upcoming WASDE Report October 6, 2022
For Immediate Release
Allendale, Inc. Releases Estimates for Upcoming WASDE Report
CHICAGO, IL. (October 6, 2022) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due October 12, 2022 at 11:00 AM CDT. Allendale’s estimates are what we think USDA will say.
Corn – Production estimates…88.608 planted, 80.844 harvested and 172.4 yield.
Soybeans – Production estimates…87.455 planted, 86.631 harvested and 50.9 yield.
|
|
US Production (million bushels) |
||
|
|
USDA |
USDA |
Allendale |
|
|
21/22 |
22/23 |
22/23 |
|
Corn |
15092 |
13944 |
13937 |
|
Soybeans |
4449 |
4378 |
4410 |
|
All Wheat |
1646 |
1783 |
1650 |
|
Winter Wheat |
1278 |
1198 |
1102 |
|
Hard Red |
750 |
576 |
531 |
|
Soft Red |
361 |
381 |
337 |
|
White |
167 |
240 |
236 |
|
Other Spring |
331 |
512 |
482 |
|
Hard Red |
297 |
463 |
446 |
|
White |
34 |
49 |
36 |
|
Durum |
38 |
74 |
64 |
|
US Ending Stocks (million bushels) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
21/22 |
21/22 |
22/23 |
22/23 |
|
Corn |
1525 |
1377 |
1219 |
1166 |
|
Beans |
240 |
274 |
200 |
254 |
|
Wheat |
660 |
669 |
610 |
606 |
|
World Ending Stocks (million metric tonnes) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
21/22 |
21/22 |
22/23 |
22/23 |
|
World Corn |
312.14 |
310.05 |
304.53 |
303.85 |
|
World Soybeans |
89.70 |
90.02 |
101.41 |
103.20 |
|
World Wheat |
275.67 |
275.98 |
268.57 |
268.20 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.
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