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Commodities brokerage INTL FCStone forecasts on Wednesday the U.S. corn crop's yield at 124.3 bushels an acre, which would mean a harvest of 11.043 billion bushels using the U.S. Department of Agriculture's crop-acreage estimates.

The company forecasts the U.S. soybean crop's yield at 36.2 bushels an acre and the total harvest at 2.73 billion bushels.

The USDA last month forecast a corn yield of 146 bushels an acre, with total production of 12.97 billion bushels, and a soybean yield of 40.5 bushels an acre, with total production of 3.05 billion bushels. It is expected to update its forecasts in its next monthly supply-and-demand report, due on Aug. 10.

Analysts have been cutting their forecasts for the corn and soy crops due to the worst U.S. drought in decades damaging crops in the Midwest.

Write to Owen Fletcher at owen.fletcher@dowjones.com

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(END) Dow Jones Newswires

August 01, 2012 17:24 ET (21:24 GMT)

DJ INTL FCStone Pegs U.S. Corn Crop Yield at 124.3 Bushels/Acre->copyright

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show it to me mark guildenzoph 08/02/2012 @ 11:44am Why is there so much disinformation just give us the facts. The actual corn yield more like 100 bu. and soybeans around 30. So I ask again show it to us. Continues posts of high yields and predictions is how we screwed the market to begin with so why continue to embelish the facts. 2012 is the worst drought since 1988 lets be honest the market should be at $10 corn and $20 soybeans just proof of how messed up the financial system is in this country. Hold on farmers it is getting bumpy lets just hold on and see how many of us survive after this. GL