Estimates for Upcoming WASDE Report October 6, 2023
For Immediate Release
Allendale, Inc. Releases Estimates for Upcoming WASDE Report
CHICAGO, IL. (October 6, 2023) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due October 12, 2023 at 11:00 AM CDT. Allendale’s estimates are what we think USDA will say.
Corn – US yields 173.0 bpa. No changes expected for South American crops.
Soybeans – US yields 49.6 bpa.
No changes expected for South American crops.
Wheat – No change in US production from 9/29 Small Grains Summary.
|
|
US Production (million bushels) |
||
|
|
USDA |
USDA |
Allendale |
|
|
22/23 |
23/24 |
23/24 |
|
Corn |
13730 |
15134 |
15068 |
|
Soybeans |
4276 |
4146 |
4105 |
|
US Ending Stocks (million bushels) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
22/23 |
22/23 |
23/24 |
23/24 |
|
Corn |
1452 |
1361 |
2221 |
2149 |
|
Beans |
250 |
268 |
220 |
248 |
|
Wheat |
580 |
580 |
615 |
657 |
|
World Ending Stocks (million metric tonnes) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
22/23 |
22/23 |
23/24 |
23/24 |
|
World Corn |
299.47 |
297.23 |
313.99 |
312.01 |
|
World Soybeans |
102.99 |
102.56 |
119.25 |
119.80 |
|
World Wheat |
267.13 |
267.34 |
258.61 |
259.45 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.
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