Allendale, Inc. Releases Estimates for Upcoming WASDE Report July 6, 2022
For Immediate Release
Allendale, Inc. Releases Estimates for Upcoming WASDE Report
CHICAGO, IL. (July 6, 2022) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due July 11, 2022 at 11:00 AM CDT. Allendale’s estimates are what we think USDA will say.
Corn – US yields are left at 177.0. Brazil is projected at 116.0 for 2021/22 and 126.0 for 2022/23 (spring 2023 harvest). Argentina is forecast at 52.5 for 2021/22 and 55.0 for 2022/23.
Soybeans – US yields are left at 51.5. Brazil is projected 125.0 for 2021/22 and 149.0 for 2022/23. Argentina is seen at 43.0 for 2021/22 and 51.0 for 2022/23.
|
|
US Production (million bushels) |
||
|
|
USDA |
USDA |
Allendale |
|
|
21/22 |
22/23 |
22/23 |
|
Corn |
15155 |
14460 |
14502 |
|
Soybeans |
4435 |
4640 |
4507 |
|
All Wheat |
1646 |
1729 |
1723 |
|
Winter Wheat |
1277 |
1182 |
1197 |
|
Hard Red |
749 |
582 |
601 |
|
Soft Red |
361 |
358 |
361 |
|
White |
167 |
242 |
235 |
|
Other Spring |
331 |
|
465 |
|
Hard Red |
297 |
|
420 |
|
White |
34 |
|
45 |
|
Durum |
37 |
|
61 |
|
US Ending Stocks (million bushels) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
21/22 |
21/22 |
22/23 |
22/23 |
|
Corn |
1485 |
1511 |
1400 |
1450 |
|
Beans |
205 |
196 |
280 |
230 |
|
Wheat |
655 |
660 |
627 |
628 |
|
World Ending Stocks (million metric tonnes) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
21/22 |
21/22 |
22/23 |
22/23 |
|
World Corn |
310.92 |
311.01 |
310.45 |
311.98 |
|
World Soybeans |
86.15 |
86.04 |
100.46 |
98.82 |
|
World Wheat |
279.40 |
280.01 |
266.85 |
269.05 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.
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