Allendale, Inc., one of the largest commodity research advisory firms in the United States, has released its prospective planting estimates for the USDA’s March 31 report.
Corn planting intentions of 91.291 million acres would be the second largest since 1944 when 95.475 million acres were planted. The recent high in acres was 93.527 million in 2007. Using Allendale Inc. 161.97 bushel/acre trend yield, it would imply record production of 13.551 billion bushels versus last year’s 12.447 billion bushel crop.
Soybean planting intentions of 77.193 million acres is the third highest ever. Using Allendale Inc. 43.52 bushel/acre trend yield, it would imply the third largest soybean production at 3.319 billion bushels. Last year’s record production was 3.329 billion.
Wheat acreage is estimated at 57.435 million acres. This is the smallest since 2006 when 57.334 million acres were planted. Using Allendale Inc. 43.63 bushel/acre trend yield, it would imply wheat production of 2.142 billion bushels versus last year’s 2.208 billion bushel production. We will internally lower yield to current conditions, from trend, once spring rains are evaluated. The survey indicated USDA’s winter wheat seedings report was 311,000 acres too small.
Corn
USDA 2010: 88.192
Allendale 2011: 91.29
Vs. 2010: +3.099
Soybeans
USDA 2010: 77.404
Allendale 2011: 77.193
Vs. 2010: -0.211
Total Wheat
USDA 2010: 53.603
Allendale 2011: 57.435
Vs. 2010: +3.832
Winter Wheat
USDA 2010: 37.335
Allendale 2011: 41.301
Vs. 2010: +3.966
Durum Wheat
USDA 2010: 2.570
Allendale 2011: 2.567
Vs. 2010: -.003
Other Spring Wheat
USDA 2010: 13.698
Allendale 2011: 13.56
Vs. 2010: -0.131
Source: Allendale, Inc.
Posted by Haylie Shipp
