Informa Crop Production Estimates Higher Than Sept USDA
Private analytical firm Informa Economics released their latest US crop production estimates Friday, ahead of the USDA's figures due on Fri 10th Oct.
They estimate the 2008-09 US corn crop at 12.219 billion bushels, with a yield of 154.1 bushels per acre.
Soybean production will come in at 3.001 billion bushels, with a yield of 40.9 bushels per acre, they say.
Both numbers are higher than FC Stone's ideas, and last month's USDA estimates.
Earlier in the week FC Stone issued a corn estimate of 12.026 billion bushels, with a yield of 151.7 bushels per acre. Soybeans would come in at 2.889 billion bushels, with a yield of 39.4 bushels per acre, they said.
The USDA last month put corn output at 12.072 billion bushels with a yield of 152.3 bushels per acre. Soybean production with them was 2.934 billion bushels and yield at 40.0 bushels per acre.
They estimate the 2008-09 US corn crop at 12.219 billion bushels, with a yield of 154.1 bushels per acre.
Soybean production will come in at 3.001 billion bushels, with a yield of 40.9 bushels per acre, they say.
Both numbers are higher than FC Stone's ideas, and last month's USDA estimates.
Earlier in the week FC Stone issued a corn estimate of 12.026 billion bushels, with a yield of 151.7 bushels per acre. Soybeans would come in at 2.889 billion bushels, with a yield of 39.4 bushels per acre, they said.
The USDA last month put corn output at 12.072 billion bushels with a yield of 152.3 bushels per acre. Soybean production with them was 2.934 billion bushels and yield at 40.0 bushels per acre.