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Allendale Inc Releases Quarterly Stocks and Small Grains Estimates

Allendale Inc Releases Quarterly Stocks and Small Grains Estimates

26 September 2013
Allendale Inc.

ANALYSIS - Allendale, Inc. predicts USDA will lower soybean stocks and increase corn stocks in their release of the Quarterly Grain Stocks report on September 30, 2013 at 11:00 am CST, writes Sarah Mikesell, TheCropSite senior editor.

Allendale's end of the marketing year estimate for corn, at 655 million bushels, is lower than USDA's September 12 estimate of 661.

Their estimated marketing year-end stock estimate for soybeans, at 112 million bushels, is lower than USDA's September 12 estimate of 125.

Wheat production has been revised slightly higher. First quarter wheat usage, at 999 million bushels, was 7 per cent over last year. Strong exports were the driving use factor.

Allendale Estimate

 

Allendale, Inc is an agricultural brokerage and consulting firm located in the Chicago area.

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