Estimates for Upcoming USDA Reports January 5, 2023
For Immediate Release
Allendale, Inc. Releases Estimates for Upcoming USDA Reports
CHICAGO, IL. (January 5, 2023) – Allendale, Inc. the Chicago area agricultural commodity brokerage and analysis firm released estimates for four upcoming USDA reports due January 12, 2023 at 11:00 AM.
Corn – US planted 88.608, harvested 80.844, yield 172.4. production 13.933 (+3). ARG 53.0. BZL 126.0.
Soybeans – US planted 87.455, harvested 86.652, yield 50.3, production 4.361 (+15). ARG 47.5. BZL 152.0.
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Annual Production Summary (million bushels) |
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|
USDA |
USDA |
Allendale |
|
|
21/22 |
22/23 |
22/23 |
|
Corn |
15074 |
13930 |
13933 |
|
Soybeans |
4465 |
4346 |
4361 |
|
All Wheat |
1646 |
1650 |
1650 |
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Grain Stocks (million bushels) |
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USDA |
USDA |
Allendale |
|
|
Dec 1, 2021 |
Sep 1, 2022 |
Dec 1, 2022 |
|
Corn |
11642 |
1377 |
10752 |
|
Soybeans |
3152 |
273 |
3121 |
|
Wheat |
1378 |
1776 |
1307 |
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WASDE US Ending Stocks (million bushels) |
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USDA |
USDA |
ALDL |
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|
|
21/22 |
22/23 |
22/23 |
|
|
Corn |
1377 |
1257 |
1355 |
|
|
Beans |
274 |
220 |
207 |
|
|
Wheat |
669 |
571 |
588 |
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|
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WASDE World Ending Stocks (million metric tonnes) |
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|
USDA |
USDA |
ALDL |
|
|
|
20/21 |
21/22 |
21/22 |
|
|
World Corn |
307.09 |
298.40 |
300.06 |
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|
World Soybeans |
95.59 |
102.71 |
100.94 |
|
|
World Wheat |
276.27 |
267.33 |
266.30 |
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|
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Winter Wheat Seedings (million acres) |
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USDA |
USDA |
Allendale |
|
|
2021/22 |
2022/23 |
2022/23 |
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Winter Wheat |
32.271 |
|
34.796 |
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Hard Red |
23.083 |
|
24.297 |
|
Soft Red |
6.570 |
|
6.774 |
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White |
3.618 |
|
3.725 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.
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