September 30, 2014

August 2013 USDA Report Estimates

August 6th, 2013

ACREAGE NOTE: Slight changes to acreage (harvested corn -250,000 and harvested soybeans -500,000) were made. True acreage changes will not be shown until survey data is reconciled with FSA insurance data in October.

Corn – Allendale estimates yield at 156.2 vs. USDA July 11 guess of 156.5. Record yields in IL, IN, OH, and MI partially offset problems in the West.

Soybeans –Old crop stock expected lower than USDA July due to domestic crush. USDA delay recognition until the September 30 Grain Stocks report. Allendale estimates yield at 43.35 vs. USDA July 11 guess of 44.5.

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Supply & Demand, to be RELEASED 11:00 AM CST ON 07/11/13
PRODUCTION           12/13     13/14      13/14
In million bushels    USDA      USDA    Allendale
Corn                 10780     13950      13887
Soybeans              3015      3420       3313
All Wheat             2269      2114       2117
  Other Spring         542       513        510
  Durum                 82        58         55
  Winter              1645      1543       1552
    HRW               1004       793        799
    SRW                420       539        547
    WW                 222       211        206
 
US ENDING STOCKS            USDA    ALDL    USDA      ALDL
in million bushels         12/13   12/13   13/14     13/14
US Corn                      729    714     1959      1946
US Beans                     125    114      295       252
US Wheat                     718    718      576       595
 
WORLD ENDING STOCKS         USDA    ALDL    USDA      ALDL
in million metric tonnes   12/13   12/13   13/14     13/14
World Corn                123.57  122.82   50.97    148.91
World Soybeans             61.52   61.22   74.12     73.70
World Wheat               174.47  179.46  172.38   181.11   

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