Allendale Inc. has released their World Agricultural Supply and Demand Estimates. The report is due for release on Thursday, July 11 at 11 am CDT.Corn
Old crop stocks are expected to be adjusted to reflect stronger March - May use implied from June 28 Grain Stocks. The table below shows Allendale's estimates of what USDA will say on this report (June 28 acreage and 156.5 bpa). Allendale's internal working numbers are:
• 97.379 acreage
• 89.012 harvested
• 157.0 yield
• 13,975 production
Soybeans
Old crop stocks are expected to be adjusted to reflect strong March-May usage. The table below is Allendale's estimate of USDA July. Allendale's internal working numbers are:
• 77.728 acreage
• 76.718 harvested
• 43.35 yield
• 3,326 production
SPECIAL NOTE: No change in planted acreage will be seen on this report. USDA will wait until October, when survey data is reconciled with FSA insurance data, before showing true acreage. This will follow the pattern of other late planted years (2008, 2009, and 2011). The corn revision in those years was, at most, 1.4 million from the June Acreage report.
