Consultancy firm Allendale estimates the U.S. corn yield at 172.6 bushels an acre, or a total of 14.9 billion bushels, and soybeans at 48.5 bushels per acre.
Allendale’s corn yield estimates were less than USDA’s estimate of 175.1 bushels an acre, and more than ProFarmer’s estimate of 170.2 bushels per acre.
Allendale ‘s estimated soybean yield was slightly less than the USDA’s projection of 48.9 bushels per acre, and below ProFarmer’s estimate of 49.3 bushels per acre.
The Chicago’s firm’s estimate calculated yields in 31 states, covering 87 percent of corn production and 83 percent of soybean production, according to the company's blog. Allendale Chief Strategist Rich Nelson said the firm’s survey had record participation by farmers.
This year's record yields were a result of good rainfall, despite hotter temperatures, Nelson said.