Estimates for Upcoming WASDE Report September 2023 September 6, 2023
For Immediate Release
Allendale, Inc. Releases Estimates for Upcoming WASDE Report
CHICAGO, IL. (September 6, 2023) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due September 12, 2023 at 11:00 AM CDT. Allendale’s estimates are what we think USDA will say.
Corn – US planted acreage raised by 1 million for FSA incorporation. US yields lowered to 171.51 bpa in accordance with the Allendale Nationwide Producer Yield Survey.
No changes expected for South American crops.
Soybeans – US yields lowered to 49.58 bpa in accordance with the Nationwide Producer Yield Survey.
No changes expected for South American crops.
Wheat – No change in US production.
|
|
US Production (million bushels) |
||
|
|
USDA |
USDA |
Allendale |
|
|
22/23 |
23/24 |
23/24 |
|
Corn |
13730 |
15111 |
14962 |
|
Soybeans |
4276 |
4205 |
4100 |
|
US Ending Stocks (million bushels) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
22/23 |
22/23 |
23/24 |
23/24 |
|
Corn |
1457 |
1432 |
2202 |
2154 |
|
Beans |
260 |
241 |
246 |
170 |
|
Wheat |
580 |
580 |
615 |
615 |
|
World Ending Stocks (million metric tonnes) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
22/23 |
22/23 |
23/24 |
23/24 |
|
World Corn |
297.92 |
297.32 |
314.05 |
313.17 |
|
World Soybeans |
103.90 |
103.11 |
119.40 |
118.11 |
|
World Wheat |
268.31 |
268.31 |
265.61 |
265.61 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.
Post Archives
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Rains in the 10-day outlook may slow harvest and offer mild support, exports are needed.
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Snapshots
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