Grain News


Allendale Inc. Issues July USDA Report Estimates

Date Posted: July 8, 2013

SPECIAL NOTE: No change in planted acreage will be seen on this report. USDA will wait until October, when survey data is reconciled with FSA insurance data, before showing true acreage.

This will follow the pattern of other late planted years (2008, 2009, and 2011). The corn revision in those years was, at most, 1.4 million from the June Acreage report.

Corn - Old crop stocks adjusted to reflect stronger March - May use implied from June 28 Grain Stocks. The table below shows our estimates of what USDA will say on this report (June 28 acreage and 156.5 bpa). Our internal working numbers are 97.379 acreage, 89.012 harvested, 157.0 yield, and 13,975 production.

Soybeans -Old crop stocks adjusted to reflect strong March -May usage. The table below is our estimate of USDA July. Our internal working numbers are 77.728 acreage, 76.718 harvested, 43.35 yield, and 3,326 production.

Supply & Demand, to be RELEASED 11:00 AM CST ON 07/11/13

PRODUCTION In million bushels

Crop ... USDA 12/13 ... USDA 13/14 ... Allendale 13/14

Corn ... 10780 ... 14005 ... 13950

Soybeans ... 3015 ... 3390 ... 3423

All Wheat ... 2269 ... 2080 ... 2049

Other Spring ... 542 ... ... 482

Durum ... 82 ... ... 55

Winter ... 1645 ... 1486 ... 1503

HRW ... 1004 ... 782 ... 799

SRW ... 420 ... 509 ... 506

WW ... 222 ... 219 ... 206

US ENDING STOCKS in million bushels

Crop ... USDA 12/13 ... ALDL 12/13 ... USDA 13/14 ... ALDL 13/14

US Corn ... 769 ... 719 ... 1949 ... 1889

US Beans ... 125 ... 104 ... 265 ... 306

US Wheat ... 746 ... 718 ... 659 ... 642

WORLD ENDING STOCKS in million metric tonnes

Crop ... USDA 12/13 ... ALDL 12/13 ... USDA 13/14 ... ALDL 13/14

World Corn ... 124.31 ... 122.98 ... 151.83 ... 150.24

World Soybeans ... 61.21 ... 61.02 ... 73.69 ... 74.10

World Wheat ... 179.87 ... 179.46 ... 181.25 ... 181.11

more GRAIN NEWS...