For Immediate Release
Allendale, Inc. Releases Estimates for Upcoming WASDE Report
CHICAGO, IL. (April 5, 2023) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due April 11, 2023 at 11:00 AM CDT. Allendale’s estimates are what we think USDA will say.
Corn: Brazil’s corn production is estimated 125.0 million tonnes. Argentina is estimated at 39.0.
Soybeans: Brazil’s soybean production is estimated at 153.0 million tonnes. Argentina is estimated at 31.0.
US Ending Stocks (million bushels) |
||||
|
USDA |
ALDL |
USDA |
ALDL |
|
21/22 |
21/22 |
22/23 |
22/23 |
Corn |
1377 |
1377 |
1342 |
1342 |
Beans |
274 |
274 |
210 |
215 |
Wheat |
698 |
698 |
568 |
597 |
World Ending Stocks (million metric tonnes) |
||||
|
USDA |
ALDL |
USDA |
ALDL |
|
21/22 |
21/22 |
22/23 |
22/23 |
World Corn |
305.69 |
305.69 |
296.46 |
294.71 |
World Soybeans |
99.00 |
99.00 |
100.01 |
99.25 |
World Wheat |
271.45 |
271.45 |
267.20 |
268.40 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.