Estimates for Prospective Plantings and Grain Stocks March 24, 2023
Allendale, Inc. Releases Estimates for Prospective Plantings and Grain Stocks
CHICAGO, IL. (March 24, 2023) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm released estimates for the two upcoming USDA reports due March 31, 2023 at 11:00 AM.
Allendale’s acreage numbers are from the annual Allendale Nationwide Acreage Survey conducted February 27 – March 11.
Allendale Inc has released the following estimates for the USDA reports.
|
|
Prospective Plantings (million acres) |
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|
|
2022 |
Ag Forum |
Allendale |
||||||
|
|
22/23 |
23/24 |
23/24 |
||||||
|
Corn |
88.579 |
91.0 |
90.414 |
||||||
|
Soybeans |
87.450 |
87.5 |
87.768 |
||||||
|
Wheat |
45.738 |
49.5 |
48.706 |
||||||
|
Winter |
33.271 |
|
36.524 |
||||||
|
Durum |
1.632 |
|
1.575 |
||||||
|
Spring |
10.835 |
|
|
10.607 |
|||||
|
|
Grain Stocks (million bushels) |
||
|
|
USDA |
USDA |
Allendale |
|
|
03/01/22 |
12/01/22 |
03/01/23 |
|
Corn |
7758 |
10809 |
7558 |
|
Soybeans |
1932 |
3022 |
1737 |
|
Wheat |
1029 |
1280 |
917 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com
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