FC Stone Release Crop Production Estimates
Private analytical firm FC Stone released their September US crop production estimates late Tuesday pegging US corn production at 12.159 billion bushels, with a yield of 153.4 bushels per acre. US soybeans production was cited at 3.003 billion bushels, with a yield of 41.0 bushels per acre.
The figures compare with the firm's August estimates of 12.197 billion bushels,
with a yield of 154.5 bushels per acre for corn and 2.993 billion bushels, with a yield of 41.5 bushels per acre for soybeans.
The USDA's August estimate for 2008 U.S. corn production was 12.288 billion bushels, with a yield of 155 bushels per acre. Soybean production was pegged at 2.973 billion bushels, with a yield of 40.5 bushels.
A revised USDA estimate is released on Sept 12th.
