Wednesday, August 6, 2008

RTRS- US crop forecast

CHICAGO, Aug 5 (Reuters) - Consulting firm Informa Economics projected the 2008 U.S. corn crop at 12.330 billion bushels, reflecting an average yield of 155.4 bushels per acre, trade sources said on Tuesday.

Informa, based in Memphis, Tennessee, estimated the 2008 U.S. soybean crop at 3.054 billion bushels with an average yield of 42.0 bpa.

The corn estimate exceeds USDA's current corn output forecast of 11.7 billion bushels and average yield of 148.4 bpa. The soybean estimate is slightly ahead of USDA's crop forecast of 3 billion bushels and a yield of 41.6 bpa.


CHICAGO, Aug 4 (Reuters) - Commodity brokerage firm FC Stone on Monday forecast the U.S. 2008 corn crop at 12.197 billion bushels and the soybean crop at 2.993 billion bushels.