Sources familiar with Informa Economics say the firm has lowered its U.S. corn production estimate from last month and raises its soybean production estimate. Following are details:
Corn: Informa pegs crop at 12.519 billion bu., with a yield of 149.5 bu. per acre. In September, USDA pegged the crop at 12.497 billion bu., with a yield of 148.1 bushels.
Soybeans: Informa pegs crop at 3.087 billion bu., with a yield of 41.8 bu. per acre. In September USDA pegged the crop at 3.085 billion bu., with a yield of 41.8 bushels.
All cotton: Informa pegs crop at 16.358 million lbs., with a yield of 797 lbs. per acre. In September USDA pegged the crop at 16.556 million lbs., with a yield of 807 lbs. per acre.
Juli says: In September, Informa pegged the corn crop at 12.711 billion bu., soybeans at 3.061 billion bu., and cotton at 17.467 million bales.
