Friday, September 4, 2009

Breaking News-RTRS-UPDATE 1-Informa ups its 2009 US corn/soy crop estimates

CHICAGO, Sept 3 (Reuters) - Analytical firm Informa Economics raised its forecasts for the 2009 U.S. corn and soy crop, expecting bigger yields given good August rains and steady to better crop ratings over the past month, trade sources said on Thursday.
But Informa expects final yields to be even bigger than its September forecasts.
The firm's September 2009 U.S. corn production forecast is for a 13.010-billion-bushel crop, reflecting an average yield of 162.6 bushels per acre. Soybean output is seen at 3.305 billion bushels with an average yield of 43.1 bpa.
Informa's final corn output estimate is 13.304 billion bushels, reflecting a yield of 168 bpa, and soybeans at 3.372 billion with an average yield of 44.1 bpa.
If realized, both harvests would be the largest in history.