Allendale, Inc. Releases Estimates for Upcoming WASDE Report

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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