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December 7th, 2016
This page will be updated with results and analysis after the December USDA report on 12/9/2016 at 11:00 AM CT.
|US Ending Stocks (16/17 in million bushels)|
|USDA Nov 16||Avg Estimate||USDA Dec 16
Allendale, Inc. Releases Estimates for Upcoming WASDE Report
CHICAGO, IL. (December 5, 2016) – Allendale, Inc. a Chicago area agricultural commodity brokerage and analysis firm, released estimates for the upcoming USDA World Agricultural Supply and Demand Estimates Report due December 9, 2016 at 11:00 AM CDT.
Corn – We expect exports to be raised. We see USDA keeping their Brazil and Argentina 2017 production estimates unchanged.
Soybeans – Domestic crush is expected to be raised. Our import estimate is also smaller than USDA’s. We see USDA keeping their Brazil and Argentina 2017 production estimates unchanged.
Wheat – We see no change in ending stocks for this report.Filed under USDA Report Estimates | Comments Off on December 2016 USDA Supply and Demand