Estimates for Upcoming WASDE Report

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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