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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