For Immediate Release
Allendale, Inc. Releases Estimates for Upcoming WASDE Report
CHICAGO, IL. (November 2, 2022) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due November 9, 2022 at 11:00 AM CDT. Allendale’s estimates are what we think USDA will say.
Corn – Production estimates…80.844 harvested and 171.7 yield.
Soybeans – Production estimates…86.631 harvested and 49.8 yield.
|
US Production (million bushels) |
||
|
USDA |
USDA |
Allendale |
|
21/22 |
22/23 |
22/23 |
Corn |
15074 |
13895 |
13881 |
Soybeans |
4465 |
4313 |
4313 |
All Wheat |
1646 |
1650 |
1650 |
Winter Wheat |
1278 |
1102 |
1102 |
Hard Red |
750 |
531 |
531 |
Soft Red |
361 |
337 |
337 |
White |
167 |
236 |
236 |
Other Spring |
331 |
482 |
482 |
Hard Red |
297 |
446 |
446 |
White |
34 |
36 |
36 |
Durum |
38 |
74 |
74 |
US Ending Stocks (million bushels) |
||||
|
USDA |
ALDL |
USDA |
ALDL |
|
21/22 |
21/22 |
22/23 |
22/23 |
Corn |
1377 |
1377 |
1172 |
1258 |
Beans |
274 |
274 |
200 |
207 |
Wheat |
669 |
669 |
576 |
592 |
World Ending Stocks (million metric tonnes) |
||||
|
USDA |
ALDL |
USDA |
ALDL |
|
21/22 |
21/22 |
22/23 |
22/23 |
World Corn |
307.01 |
307.01 |
301.19 |
302.20 |
World Soybeans |
92.38 |
92.38 |
100.52 |
100.71 |
World Wheat |
276.01 |
276.01 |
267.54 |
266.41 |
For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.