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Satellite imagery company predicts lower yields than USDA report

Lanworth, Inc., a satellite imagery company specializing in agricultural forecasting, today released its October production estimates for 2007 U.S. corn and soybean production. The company predicts both crops will have lower yields than the USDA's September projections.

The company estimates corn production will be 13.11 billion bushels, 200 million fewer than the USDA's September estimate of 13.31 billion bushels. The main differences between the two estimates are in Illinois, Indiana, Iowa, Tennessee and Ohio. Still, the lower estimate is a record-setting 25% higher than the 10.5 billion bushels produced last year.

Lanworth expects soybean production to be 2.58 billion bushels, 1.4% lower than the 2.62 billion bushels reported by the USDA in its September Crop Production Report, and 19% lower than the 3.19 billion bushels produced in 2006. The largest differences between Lanworth and USDA estimates are in Ohio, Illinois, Indiana, Kentucky, and Tennessee.

"We expect the USDA to lower its production estimates as yield problems become evident in the harvest," said Dr. Nick Kouchoukos, director of information services for Lanworth. "Lower estimates from the USDA could come as early as this week's October Crop Production Report but are more likely to appear in the November report."

The Lanworth estimates are compiled using satellite imagery, soil and weather data, crop growth models and field checks, the company says.

Lanworth, Inc., a satellite imagery company specializing in agricultural forecasting, today released its October production estimates for 2007 U.S. corn and soybean production. The company predicts both crops will have lower yields than the USDA's September projections.

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