Allendale, Inc. Releases Estimates for Upcoming WASDE Report June 3, 2022
For Immediate Release
Allendale, Inc. Releases Estimates for Upcoming WASDE Report
CHICAGO, IL. (June 3, 2022) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due June 10, 2022 at 11:00 AM CDT. Allendale’s estimates are what we think USDA will say.
Corn – We expect no change for USDA’s US production on this report. Brazil is projected at 114.0 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 – We expect no change for USDA’s US production on this report. 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 |
14460 |
|
Soybeans |
4435 |
4640 |
4640 |
|
All Wheat |
1646 |
1729 |
1710 |
|
Winter Wheat |
1277 |
1174 |
1197 |
|
Hard Red |
749 |
590 |
612 |
|
Soft Red |
361 |
354 |
350 |
|
White |
167 |
230 |
235 |
|
Other Spring |
331 |
|
451 |
|
Hard Red |
297 |
|
410 |
|
White |
34 |
|
41 |
|
Durum |
37 |
|
62 |
|
US Ending Stocks (million bushels) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
21/22 |
21/22 |
22/23 |
22/23 |
|
Corn |
1440 |
1485 |
1360 |
1425 |
|
Beans |
235 |
200 |
311 |
276 |
|
Wheat |
655 |
693 |
619 |
628 |
|
World Ending Stocks (million metric tonnes) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
21/22 |
21/22 |
22/23 |
22/23 |
|
World Corn |
309.39 |
310.60 |
305.13 |
307.22 |
|
World Soybeans |
85.24 |
84.82 |
99.60 |
97.51 |
|
World Wheat |
279.72 |
281.12 |
267.02 |
270.55 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.
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