Grain News


Allendale Inc. Expects Reduction in Acres and Increase in Yields

Date Posted: November 1, 2013

Corn- Planted acres have been reduced by 1.75 million to 95.629 (Harvested 87.405).

Yield is adjusted to 158.7.

Total supply is increased from September due to an increase in beginning stocks and crop production.

This offsets a moderate increase in exports.

Soybeans- Planted acres have been reduced by 650,000 to 76.528 (Harvested 75.457).

Yield is adjusted to 42.4. Higher supply, from revisions in beginning stocks and production, offsets a moderate increase in exports.

Supply & Demand, to be RELEASED 11:00 AM CST ON 11/08/13 PRODUCTION in million bushels ... 12/13 USDA ... 13/14 USDA ... 13/14 Allendale

Corn ... 10780 ... 13843 ... 13871

Soybeans ... 3015 ... 3149 ... 3199

All Wheat ... 2266 ... 2128 ... 2128

Other Spring ... 542 ... 532 ... 532

Durum ... 83 ... 62 ... 62

Winter ... 1641 ... 1534 ... 1534

US ENDING STOCKS in million bushels ... USDA 12/13 ... ALDL 12/13 ... USDA 13/14 ... ALDL 13/14

in million bushels 12/13 12/13 13/14 13/14 US Corn ... 661 ... 824 ... 1855 ... 1990

US Beans ... 125 ... 141 ... 150 ... 180

US Wheat ... 718 ... 718 ... 561 ... 545

WORLD ENDING STOCKS in million metric tonnes ... USDA 12/13 ... ALDL 12/13 ... USDA 13/14 ... ALDL 13/14

World Corn ... 122.59 ... 123.08 ... 151.42 ... 153.92

World Soybeans ... 61.55 ... 61.83 ... 71.54 ... 72.61

World Wheat ... 173.85 ... 174.11 ... 176.28 ... 175.82

Any questions regarding the estimates or the actual outcome of the report may direct them to Rich Nelson @ 800 262 7538 USA or 800 551 4626 Canada.

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