Estimates for Upcoming WASDE Report

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.

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