FC Stone Crop Estimates
FC Stone issued their latest musings on US crop production tonight, pegging the US corn crop at 13.020 billion bushels with a yield of 162.7 bu/acre. Both numbers are significantly higher than last month's blind stab in the dark from the USDA of 12.761 billion and 159.5 bu/acre.
They also said that soybean production will come in at 3.266 billion bushels using a yield of 42.6 bu/acre. The production number is a bit higher than last month's lucky guess from the USDA of 3.199 billion bushels, and the yield figure, strangely, is exactly the same as the US Department of Ambiguity.
They also said that soybean production will come in at 3.266 billion bushels using a yield of 42.6 bu/acre. The production number is a bit higher than last month's lucky guess from the USDA of 3.199 billion bushels, and the yield figure, strangely, is exactly the same as the US Department of Ambiguity.