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Allendale releases Prospective Plantings and Quarterly Grain Stocks estimates.
Allendale’s acreage numbers are from the 26th annual nationwide survey conducted from Feb 23 – Mar 6.
Corn stocks, left over as of March 1, imply a 3.685 million bushel usage in the past quarter. That is a record usage for that quarter.
Quarterly soybean stocks on March 1 imply a 1.188 billion bushel second quarter usage. That would be a record usage for that quarter.
Wheat stocks on March 1 imply 442 million bushels of usage in this third quarter. That is just under the five year average use of 450.
Prospective Plantings due 03/31/15
|Actual 2014||2015 Estimate|
|*Prospective Plantings in million acres|
Quarterly Grain Stocks
|*in billion bushels|
Filed under USDA Report Estimates | Comment (0)