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Allendale's WASDE Estimates

RESS RELEASE
5/6/13
For Immediate Release
Contact:
Rich Nelson
800-551-4626
Allendale, Inc.
 
Allendale's WASDE Estimates
April
May 2013
 

Corn - Old crop ethanol usage is increased while exports are lowered. Argentina's crop is estimated at 25.5 mt while Brazil is seen at 73.5 mt. For new crop, USDA will use the March 28 planting, normal harvested acreage, and trend yield adjusted for planting progress. Allendale's production estimate assumes USDA will uses 97.282 planted, 89.520 harvested, and a 159.40 yield.

 

Soybeans - Argentina's crop is estimated at 51.0 mt while Brazil is seen at 82.0 mt. For new crop, USDA will use the March 28 planting, normal harvested acreage, and trend yield. Allendale's production estimate assumes 3.392 billion production from 77.126 planted, 76.230 harvested, and a 44.5 yield.

 

Wheat - No changes were made to old crop demand. The 2.120 billion new crop production assumes 56.440 planted, 47.793 harvested, and a 44.4 yield. Our hard red winter estimate assumes USDA's 28.9 million acre planted, 22.3 million harvested (77.0%), and 37.5 bushels per acre. The five year average is for an 80.2% harvested and 39.5 yield.

 

For more information on this report or markets in general go to www.allendale-inc.com 

 

     Supply & Demand, to be RELEASED 11:00 AM CST ON 05/10/13

 

PRODUCTION           12/13             13/14

In million bushels   USDA           Allendale

Corn                 10780             14269

Soybeans              3015              3392

All Wheat             2269              2120

Other Spring           542               526

Durum                   82                63

Winter                1645              1530

 HRW                  1004               834

 SRW                   420               488

 WW                    222               208

 

US ENDING STOCKS           USDA       ALDL       USDA     ALDL

in million bushels         12/13     12/13       13/14     13/14

US Corn                     757       762                  2035

US Beans                    125       124                   238

US Wheat                    731       731                   676

 

WORLD ENDING STOCKS         USDA       ALDL       USDA     ALDL

in million metric tonnes   12/13     11/12      12/13     12/13

World Corn                125.29    124.52               157.62

World Soybeans             62.63     62.21                67.14

World Wheat               182.26    181.91               188.32  

This material has been prepared by a sales or trading employee or agent of Allendale Inc. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Allendale Inc.'s Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions. DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Allendale Inc. believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.

Allendale, Inc

800-551-4626

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