December 8, 2016

December 2016 USDA Supply and Demand

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
Corn 2,403 2,413 ???
Soybeans 480 470 ???
Wheat 1,143 1,139 ???

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.

    WUC
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