Grain News


Allendale Inc. Issues April Supply and Demand Estimates

Date Posted: April 4, 2013

Corn: Feed & residual use will be lowered from 200 to 400 million bushels on this report in reaction to the negative Grain Stocks report.

Argentina corn production is estimated at 26 million tonnes (USDA 26.5 mt) and Brazil corn at 72.5 (USDA's 72.50 mt).

Soybeans: Feed, Seed, & Residual is expected to be lowered on this report.

That will be partially offset by an increase in exports.

Argentina soybean production is estimated at 51.0 million tonnes (USDA 51.5 mt) and Brazil is at 83.5 mt (USDA latest 83.5 mt).

Wheat: Feed use may be slightly lowered on this report.

Supply & Demand, to be RELEASED 11:00 AM CST ON 4/10/13

US ENDING STOCKS (in million bushels) ... USDA 11/12 ... USDA 12/13 ... ALDL 12/13

US Corn ... 989 ... 632 ... 882

US Beans ... 169 ... 125 ... 139

US Wheat ... 743 ... 712 ... 722

WORLD ENDING STOCKS (in million metric tonnes) ... USDA 11/12 ... USDA 12/13 ... ALDL 12/13

World Corn ... 131.16 ... 117.48 ... 121.12

World Soybeans ... 55.25 ... 60.21 ... 60.18

World Wheat ... 196.47 ... 178.23 ... 178.34

For more information on this report or markets in general go to www.allendale-inc.com.

See Related Websites/Articles:

more GRAIN NEWS...