Allendale, Inc. Releases Estimates for Upcoming WASDE Report

For Immediate Release
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‍Allendale, Inc. Releases Estimates for Upcoming WASDE Report
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CHICAGO, IL. (May 3, 2024) – Allendale, Inc. a Chicago area agricultural commodity analysis and brokerage firm, released estimates for USDA’s WASDE report due May 10, 2024 at 11:00 AM CDT. Allendale’s estimates are what we think USDA will say.
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Corn – US…Plant 90.036, harv 82.167, yield 181.0 and prod 14.872 billion. Brazil is projected at 123.0 for 2023/24 and 123.7 for 2024/25 (spring 2025 harvest). Argentina is forecast at 53.0 for 2023/24 and 56.6 for 2024/25.

‍Soybeans – US….Plant 86.510, harv 85.403, yield 52.0 and prod 4.441. Brazil is projected 153.0 for 2023/24 and 168.2 for 2024/25. Argentina is seen at 49.0 for 2023/24 and 50.0 for 2024/25.

‍Wheat – US…Plant 47.498, harv 37.998, yield 49.5 and production 1.881. Winter wheat production…1.328 bil bu (HRW 720, SRW 343 and WW 221).

For questions and comments, please contact Rich Nelson, Chief Strategist at 800-262-7538 or rnelson@allendale-inc.com.

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