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Crop forecaster Lanworth projects US corn and soy output will fall short of USDA projections, noting damage from July heat. Crops in Arkansas, Kansas, Missouri, central Illinois, eastern Indiana and southern Iowa were hurt, according to the company, which uses satellite imagery and field surveys to estimate output.
It says losses are offset nationally by favorable conditions in Nebraska, Ohio, and northern and central Iowa. Lanworth pegs corn output at about 12.889B bushels, below USDA's July estimate of 13.083B bushels, and soy output at about 3.126B bushels, compared to USDA's estimate for 3.174B bushels. USDA updates outlooks Thursday. (tom.polansek@dowjones.com) |
