Friday, July 3, 2009

Breaking News-RTRS-Informa sees 2009 U.S. corn crop at 12.524 bln bu

CHICAGO, July 2 (Reuters) - Analytical firm Informa Economics estimated the average 2009 U.S. corn production at 12.524 billion bushels per acre, reflecting an average yield of 156.3 bpa, trade sources said on Thursday.
The firm pegged this season's U.S. soybean crop at 3.214 billion bushels, which would be a record-large output if realized. Informa's soy production figure reflects and average soybean yield of 42 bpa.
Currently, USDA is forecasting the average U.S. corn yield at 153.4 bpa and soybeans at 42.6 bpa.