IHS Markit raised its U.S. corn crop estimate to 13.981 billion bu. on a yield of 172.9 bu. per acre, up from its October forecasts of 13.893 billion bu. and 171.2 bu. per acre.
The firm increased its soybean crop estimate to 4.360 billion bu. on a yield of 50.3 bu. per acre, up from its October forecasts of 4.327 billion bu. and 49.9 bu. per acre.
