Sources familiar with Informa Economics say the firm has released its November crop production estimates ahead of the Nov. 9 USDA Crop Production Report. The firm’s corn and soybean crop estimates are reportedly above USDA’s October projections. Following are details:
Corn: Informa reportedly estimates the crop at 10.738 billion bu. with a yield of 122.4 bu. per acre. In October, USDA projected the crop at 10.706 billion bu. with a yield of 122 bu. per acre.
Soybeans: Informa reportedly estimates the crop at 2.925 billion bu., with a yield of 38.6 bu. per acre. In October, USDA projected the crop at 2.860 billion bu. with a yield of 37.8 bu. per acre.
- Cotton: Informa reportedly estimates the crop at 17.202 million bales, with a yield of 791 lbs. per acre. In October, USDA projected the crop at 17.287 million bales with a yield of 795 lbs. per acre.
