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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