Allendale January 2011 Production & WASDE Estimates

January 5, 2011 05:19 PM
 
Corn carryover is expected to fall below 800 bil. bu. by Allendale Inc.

Source: Allendale Inc. News Release

Corn - We have revised 2010 production slightly lower and increased usage (better ethanol offsetting lower exports).


Soybeans - Though production has been revised slightly lower we have offset that with lower usage.

 

 
 
Wheat - Winter wheat plantings will increase 4.6 million acres. More would have been added if not for dry conditions.
 
These USDA reports are scheduled for release at 7:30 am CST on 01/12/11

 

Allendale Inc. Estimates for the January 12, 2011, Crop Production and WASDE Estimates

Annual Production
(mill. bu.)
USDA
09/10
USDA
10/11

Allendale
1/12/11 Estimates

Corn                                              
Soybeans                    3359        3375         3371

13,110 12,540 12,514
Soybeans 3,359 3,375 3,371
 
Allendale January 12, 2011 USDA Avg. Yield Estimate (per acre)
Yield USDA
09/10
USDA-DEC
10/11
Allendale 1/12/10 Estimates
Corn 164.72 154.31 153.99
Soybeans 43.98 43.93 43.88
 
 
US ENDING STOCKS            USDA           USDA-Dec           ALDL 
million bushels                         09/10              10/11                 10/11       
US Corn                                     1,708                832                     756
US Beans                                    151                 165                      170
US Wheat                                   976                 858                      838
Allendale estimates corn used for ethanol at 4.9 billion bushels vs. USDA 4.8.
 
WORLD ENDING STOCKS              USDA            USDA-Dec              ALDL
million tonnes                                      09/10               10/11                      10/11
World Corn                                        147.19              130.00                    127.42
World Soybeans                                 60.41                 60.12                       58.89
World Wheat                                     196.68              176.72        176.28
Allendale has reduced Argentina corn to 23 vs. USDA 25 million tonnes. Argentina soybeans have been reduced to 51 vs. USDA 52. No changes have been made to Brazil.
 
 
 

 

 

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