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).
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).
