Tuesday, August 25, 2009

Breaking News-RTRS-UPDATE 2-Pro Farmer sees big US corn/soy crops, frost eyed

CHICAGO, Aug 21 (Reuters) - Farm newsletter Pro Farmer on Friday projected bumper U.S. 2009 corn and soybean crops, but said both crops were behind in development and will need favorable late-season weather to realize their full potential.
Pro Farmer pegged U.S. corn production at 12.807 billion bushels and soybean production at 3.150 billion bushels. The average corn yield was estimated at 160.1 bushels per acre while the soybean yield was seen at 41.0 bpa.