Informa Expects USDA to Raise Corn Crop Estimate

October 4, 2013 06:28 AM
 

Informa Economics reportedly expects USDA on Oct. 11 (or later, depending upon the outcome of the U.S. government shutdown) to peg the U.S. national average corn yield at 158.8 bu. per acre for a 14.010 billion bu. crop, up 121 million bu. from Informa's previous estimate. This would be up from USDA's September yield projection of 155.3 bu. per acre for a 13.843 billion bu. crop.

On soybeans, Informa reportedly expects USDA to raise its national average yield projection by 0.5 bu. from September to 41.7 bu. per acre for a 3.176 billion bu. crop, which is down 48 million bu. from the firm's previous crop peg but up 27 million bu. from USDA's September estimate.

The firm also reportedly expects USDA to raise its all cotton yield peg from month-ago to 846 lbs. per acre from its previous estimate of 796 lbs per acre. This is expected to result in a 810,000-bale increase to USDA's cotton crop estimate from month-ago to 13.709 million bales. This represents a 205,000 bale increase from Informa's previous production estimate.

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