FC Stone Crop Estimates
Contrary to my learned chum Eric deCarbonnel telling us that there is no chance of a bumper US harvest this year (see here) FCStone see things slightly differently. I think I know who I'd rather put my faith in.
They say that US corn production will come in at 13.064 billion bushels, with an average yield of 163.3 bu/acre this year. Soybean output will be a record 3.329 billion, with a yield of 43.4 bu/acre, they add.
All those are tweaked a tad higher than their estimates from last month, and up on the USDA's September figures of 12.955/161.9 for corn and 3.245/42.3 for beans.
They say that US corn production will come in at 13.064 billion bushels, with an average yield of 163.3 bu/acre this year. Soybean output will be a record 3.329 billion, with a yield of 43.4 bu/acre, they add.
All those are tweaked a tad higher than their estimates from last month, and up on the USDA's September figures of 12.955/161.9 for corn and 3.245/42.3 for beans.
