Estimates for Upcoming WASDE Report March 1, 2023

For Immediate Release

Allendale, Inc. Releases Estimates for Upcoming WASDE Report

CHICAGO, IL. (March 1, 2023) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due March 8, 2023 at 11:00 AM CDT. Allendale’s estimates are what we think USDA will say.

Corn: Brazil’s corn production is estimated 125 million tonnes. Argentina is estimated at 45.0.

Soybeans: Brazil’s soybean production is estimated at 153.0 million tonnes. Argentina is estimated at 37.0.

 

US Ending Stocks (million bushels)

 

USDA

ALDL

USDA

ALDL

 

21/22

21/22

22/23

22/23

Corn

1377

1377

1267

1317

Beans

274

274

225

211

Wheat

698

698

568

612

World Ending Stocks (million metric tonnes)

 

USDA

ALDL

USDA

ALDL

 

21/22

21/22

22/23

22/23

World Corn

306.28

306.28

295.28

294.71

World Soybeans

98.83

98.83

102.03

101.40

World Wheat

276.70

276.70

269.34

271.28

For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.

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Allendale, Inc.
4506 Prime Parkway
McHenry, IL 60050

1.800.2MARKET
1.800.551.4626
Local: 815.578.6150
Fax: 815.363.5511
service@allendale-inc.com
©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.

Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.