Estimates for Upcoming WASDE Report November 2, 2023
For Immediate Release
Allendale, Inc. Releases Estimates for Upcoming WASDE Report
CHICAGO, IL. (November 2, 2023) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due November 9, 2023 at 11:00 AM CDT. Allendale’s estimates are what we think USDA will say.
Corn – US yields 173.3 bpa. No changes expected for South American crops.
Soybeans – US yields 49.8 bpa. No changes expected for South American crops.
|
|
US Production (million bushels) |
||
|
|
USDA |
USDA |
Allendale |
|
|
22/23 |
23/24 |
23/24 |
|
Corn |
13715 |
15064 |
15095 |
|
Soybeans |
4270 |
4104 |
4124 |
|
US Ending Stocks (million bushels) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
22/23 |
22/23 |
23/24 |
23/24 |
|
Corn |
1361 |
1361 |
2111 |
2100 |
|
Beans |
268 |
268 |
220 |
231 |
|
Wheat |
582 |
582 |
670 |
670 |
|
World Ending Stocks (million metric tonnes) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
22/23 |
22/23 |
23/24 |
23/24 |
|
World Corn |
298.13 |
298.22 |
312.40 |
312.11 |
|
World Soybeans |
101.89 |
101.91 |
115.62 |
115.80 |
|
World Wheat |
267.55 |
267.55 |
258.13 |
257.02 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.
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