CHICAGO, Aug 1 (Reuters) - Commodity brokerage firm INTL FC Stone on Wednesday estimated U.S. 2012 corn production at 11.043 billion bushels, with an average yield of 124.3 bushels per acre (bpa).
The firm projected the U.S. 2012 soybean harvest at 2.730 billion bushels, with an average yield of 36.2 bpa.
The estimates are INTL FC Stone's first for the 2012 U.S. crop season and are based on a survey of the firm's customers, among other factors.
The figures compare with the U.S. Department of Agriculture's current U.S. corn production forecast of 12.970 billion bushels, with an average yield of 146.0 bpa.
Stone's soybean output figure was below USDA's soybean production forecast of 3.050 billion bushels, with an average yield of 40.5 bpa.
USDA is scheduled to release updated crop forecasts on Aug. 10, its first estimates of the season based on field surveys.
INTL FC Stone said its production figures relied on USDA's current estimates of harvested acreage.
