Estimates for Upcoming WASDE Report September 6, 2022
Updated 9/6/2022 at 5:40 PM CST due to USDA’s announcement on coming acreage update.
For Immediate Release
Allendale, Inc. Releases Estimates for Upcoming WASDE Report
CHICAGO, IL. (September 6, 2022) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due September 12, 2022 at 11:00 AM CDT. Allendale’s 2021/22 and 2022/23 estimates are what we think USDA will say.
Corn – Production estimates…90.121 planted (+0.300), 82.113 (+0.273) harvested and 172.39 yield.
Soybeans – Production estimates…88.525 planted (+0.500), 87.706 harvested (+0.495) and 50.86 yield.
|
|
US Production (million bushels) |
||
|
|
USDA |
USDA |
Allendale |
|
|
21/22 |
22/23 |
22/23 |
|
Corn |
15115 |
14359 |
14156 |
|
Soybeans |
4435 |
4531 |
4461 |
|
All Wheat |
1646 |
1783 |
1783 |
|
Winter Wheat |
1277 |
1198 |
1198 |
|
Hard Red |
749 |
576 |
576 |
|
Soft Red |
361 |
381 |
381 |
|
White |
167 |
240 |
240 |
|
Other Spring |
331 |
512 |
512 |
|
Hard Red |
297 |
463 |
463 |
|
White |
34 |
49 |
49 |
|
Durum |
37 |
74 |
74 |
|
US Ending Stocks (million bushels) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
21/22 |
21/22 |
22/23 |
22/23 |
|
Corn |
1530 |
1542 |
1388 |
1289 |
|
Beans |
225 |
219 |
245 |
205 |
|
Wheat |
660 |
660 |
610 |
638 |
|
World Ending Stocks (million metric tonnes) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
21/22 |
21/22 |
22/23 |
22/23 |
|
World Corn |
311.84 |
312.04 |
306.68 |
305.12 |
|
World Soybeans |
89.73 |
89.12 |
101.41 |
99.94 |
|
World Wheat |
276.35 |
276.81 |
267.34 |
268.78 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.
———————————————————————————————————————
For Immediate Release
Allendale, Inc. Releases Estimates for Upcoming WASDE Report
CHICAGO, IL. (September 6, 2022) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due September 12, 2022 at 11:00 AM CDT. Allendale’s 2021/22 and 2022/23 estimates are what we think USDA will say.
Corn – Production estimates…89.921 planted (no change), 81.840 (no change) harvested and 172.39 yield.
Soybeans – Production estimates…87.195 planted (no change), 87.211 harvested (no change) and 50.85 yield.
|
|
US Production (million bushels) |
||
|
|
USDA |
USDA |
Allendale |
|
|
21/22 |
22/23 |
22/23 |
|
Corn |
15115 |
14359 |
14108 |
|
Soybeans |
4435 |
4531 |
4435 |
|
All Wheat |
1646 |
1783 |
1783 |
|
Winter Wheat |
1277 |
1198 |
1198 |
|
Hard Red |
749 |
576 |
576 |
|
Soft Red |
361 |
381 |
381 |
|
White |
167 |
240 |
240 |
|
Other Spring |
331 |
512 |
512 |
|
Hard Red |
297 |
463 |
463 |
|
White |
34 |
49 |
49 |
|
Durum |
37 |
74 |
74 |
|
US Ending Stocks (million bushels) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
21/22 |
21/22 |
22/23 |
22/23 |
|
Corn |
1530 |
1542 |
1388 |
1252 |
|
Beans |
225 |
219 |
245 |
189 |
|
Wheat |
660 |
660 |
610 |
638 |
|
World Ending Stocks (million metric tonnes) |
||||
|
|
USDA |
ALDL |
USDA |
ALDL |
|
|
21/22 |
21/22 |
22/23 |
22/23 |
|
World Corn |
311.84 |
312.04 |
306.68 |
304.87 |
|
World Soybeans |
89.73 |
89.12 |
101.41 |
99.81 |
|
World Wheat |
276.35 |
276.81 |
267.34 |
268.78 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.
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