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Allendale Releases Annual Production,Grain Stocks, and Winter Wheat Acre Estimates

Allendale has released their latest annual production, stocks and winter wheat seeding estimate. Allendale lowered U.S. corn and soybean acres and production, while increasing winter wheat plantings.

Allendale Releases Annual Production,Grain Stocks, and Winter Wheat Acre Estimates
Allendale lowered planted acres by 223,000 (90.662 mil) and harvested by 436,000 (82.661 mil). Yield is increased to 173.87. Implied first quarter usage from the Grain Stocks report, September - November, is seen at a record 4.5 billion.

Soybean planted acres have been lowered by 110,000 acres (84.074 mil) and harvested by 192,000 (83.211 mil). Yield is seen at 48.04. Implied first quarter usage of 1.470 billion would be a record.

Winter wheat plantings will increase by 156,000 acres. No spring wheat numbers were reported.

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