For Immediate Release
Allendale, Inc. Releases Estimates for Upcoming WASDE Report
CHICAGO, IL. (August 5, 2022) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due August 12, 2022 at 11:00 AM CDT. Allendale’s 2021/22 and 2022/23 estimates are what we think USDA will say.
Corn – Production estimates…89.921 planted (no change), 81.738 (-0.202) harvested and 176.30 yield.
Soybeans – Production estimates…87.195 planted (+0.123), 87.564 harvested (+0.053) and 51.35 yield.
Wheat – Production estimates 47.125 planted (+0.033), 37.643 harvested (+0.021) and 47.50 yield.
|
US Production (million bushels) |
||
|
USDA |
USDA |
Allendale |
|
21/22 |
22/23 |
22/23 |
Corn |
15115 |
14505 |
14410 |
Soybeans |
4435 |
4505 |
4496 |
All Wheat |
1646 |
1781 |
1788 |
Winter Wheat |
1277 |
1201 |
1201 |
Hard Red |
749 |
585 |
585 |
Soft Red |
361 |
376 |
376 |
White |
167 |
240 |
240 |
Other Spring |
331 |
503 |
513 |
Hard Red |
297 |
457 |
468 |
White |
34 |
46 |
45 |
Durum |
37 |
77 |
74 |
US Ending Stocks (million bushels) |
||||
|
USDA |
ALDL |
USDA |
ALDL |
|
21/22 |
21/22 |
22/23 |
22/23 |
Corn |
1510 |
1527 |
1470 |
1399 |
Beans |
215 |
229 |
230 |
211 |
Wheat |
660 |
660 |
639 |
643 |
World Ending Stocks (million metric tonnes) |
||||
|
USDA |
ALDL |
USDA |
ALDL |
|
21/22 |
21/22 |
22/23 |
22/23 |
World Corn |
312.28 |
312.81 |
312.94 |
309.55 |
World Soybeans |
88.73 |
89.12 |
99.61 |
98.74 |
World Wheat |
280.10 |
280.12 |
267.52 |
265.20 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.