Sources familiar with Informa Economics say the firm has updated its 2013 U.S. crop estimates. Informa reportedly raised its corn and soybean crop estimates from last month.
- Corn: Informa reportedly pegs the crop at 14.223 billion bu. with a yield of 161.2 bu. per acre; up from its estimate of 14.010 billion bu. last month. This compares to USDA’s most recent estimate of 13.843 billion bushels.
- Soybeans: Informa reportedly pegs the crop at 3.298 billion bu. with a yield of 43.3 bu. per acre; up from 3.176 billion bu. last month. This compares to USDA’s most recent estimate of 3.149 billion bushels.
- Cotton: Informa reportedly pegs the crop at 13.851 million bales with a yield of 854 lbs. per acre; up from 13.709 million bales last month. This compares to USDA’s most recent estimate of 12.9 million bales.
USDA will release its next Crop Production Report on Friday, Nov. 8, at 11:00 a.m. CT. The report is highly anticipated after USDA cancelled its October report.
