Grain News

Allendale Inc. Issues September Supply and Demand Estimates

Date Posted: September 3, 2010

McHenry, IL—Allendale Inc. issued Sept. 3 supply and demand estimates ahead of the USDA reports on Sept. 10.

Highlights

Corn - Allendale's nationwide survey lowered yields to 162.3. This will push ending stocks down to the lowest level since October 2008. December 2008 corn futures traded from $5.00 down to $3.64, ending at 401 1/2, during that October.

Soybeans - Allendale's nationwide survey lowered yields to 43.2. This keeps ending stocks the largest since the 2006/07 marketing year.

Wheat - We have increased US export demand higher and lowered world production once again.

PRODUCTION in million bushels

Crop ... USDA 2009 ... USDA 2010 ... Allendale 2010

Corn ... 13110 ... 13365 ... 13147

Soybeans ... 3359 ... 3433 ... 3370

All Wheat ... 2216 ... 2265 ... 2265

Winter ... 1523 ... 1523 ... 1523

HRW ... 919 ... 1029 ... 1029

SRW ... 404 ... 260 ... 260

WW ... 200 ... 234 ... 234

Other Spring ... 584 ... 633 ... 633

HRS ... 548 ... 593 ... 593

WW ... 36 ... 41 ... 41

Durum ... 109 ... 109 ... 109

US ENDING STOCKS in million bushels

Crop ... USDA 09/10 ... Allendale 09/10 ... USDA 09/10 ... Allendale 10/11

US Corn ... 1426 ... 1398 ... 1312 ... 1090

US Beans ... 160 ... 171 ... 360 ... 321

US Wheat ... 973 ... 973 ... 952 ... 913

WORLD ENDING STOCKS in million metric tons

Crop ... USDA 09/10 ... Allendale 09/10 ... USDA 09/10 ... Allendale 10/11

World Corn ... 139.03 ... 138.90 ... 139.20 ... 136.50

World Soybeans ... 65.35 ... 65.42 ... 67.76 ... 67.26

World Wheat ... 193.97 ... 193.68 ... 174.76 ... 168.97

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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