March 27, 2015

March 31 2015 USDA Reports

March 25th, 2015

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
Corn 90.597 88.508
Soybeans 83.701 86.052
All Wheat 56.822 56.678
Winter Wheat 42.399 40.452
Durum 1.398 1.723
Other Spring 13.025 14.503
*Prospective Plantings in million acres

Quarterly Grain Stocks

03/2014 12/2014 03/2015 Estimate
Corn 7.008 11.203 7.518
Soybeans .994 2.524 1.336
Wheat 1.057 1.525 1.083
*in billion bushels

 

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