USDA US Crop Production Numbers

The USDA are today forecasting the US 2009 corn crop at 13.018 billion bushels with an average yield of 164.2 bu/acre. That is higher than the average trade guess of 12.99 billion and 162.7 bu/acre.

The soybean numbers are a little below pre-report estimates at 3.25 billion bushels, with a yield of 42.4 bu/acre. The average trade guess was 3.291 and 42.9 bu/acre.

On the 2009/10 ending stocks front, the USDA pegged corn at 1.672 billion bushels (average estimate 1.668 billion), soybeans at 230 million (249 million) and wheat at 864 million (802 million).