Estimates for Upcoming WASDE Report

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.

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