Breaking News-RTRS - US 2010 CORN YIELD 165.0 BU/AC (VS TRADE ESTIMATE 164.08), SOYBEANS 44.0 BU/AC (VS TRADE 43.06)-USDA

WASHINGTON, Aug 12 (Reuters) - U.S. farmers will reap record-large corn and soybean crops this fall, barely keeping pace with demand, while a surge in wheat exports will offset a devastating drought in Russia, the government forecast on Thursday.
The Agriculture Department also forecast a cotton crop of 18.5 million bales weighing 480 lbs (218 kg), based on conditions at the start of August. It raised its wheat estimate by 2 percent, to 2.26 billion bushels. Corn, wheat and soybean yields would be record-high.