FC Stone Crop Estimates

FC Stone issued their latest musings on US crop production tonight, pegging the US corn crop at 13.020 billion bushels with a yield of 162.7 bu/acre. Both numbers are significantly higher than last month's blind stab in the dark from the USDA of 12.761 billion and 159.5 bu/acre.

They also said that soybean production will come in at 3.266 billion bushels using a yield of 42.6 bu/acre. The production number is a bit higher than last month's lucky guess from the USDA of 3.199 billion bushels, and the yield figure, strangely, is exactly the same as the US Department of Ambiguity.