Home / News / Crops news / Informa ups corn, soybean estimates

Informa ups corn, soybean estimates

01/03/2014 @ 11:30am

Informa Economics, a private forecaster, projected that the 2013 U.S. corn crop totaled a record 14.2 billion bushels, higher than federal forecasters' most recent estimate, traders said Friday.

Informa forecast a crop 173 million bushels larger than the U.S. Department of Agriculture estimated in November. The company projected the U.S. corn yield at 161.6 bushels per acre, up 1.2 bushels from the USDA's forecast, citing higher expected yields in Ohio and North Dakota.

Informa pegged U.S. soybean production for 2013 at 3.33 billion bushels, which is 71 million over the USDA's estimate, traders said.

Informa estimated that U.S. soybean yields averaged 44 bushels per acre, 1 bushel above the USDA's forecast.

The U.S. Department of Agriculture is scheduled to release its final crop-production estimates for 2013 for corn and soybeans on Jan. 10.


Write to David Kesmodel at david.kesmodel@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
January 03, 2014 11:57 ET (16:57 GMT)
DJ Informa Pegs 2013 U.S. Corn Crop at 14.2 Billion Bushels--Traders->copyright

CancelPost Comment
MORE FROM DOW JONES NEWSWIRES more +

CME Ups Soybean Price Limit to $1 By: 04/23/2014 @ 10:15am CME Group Inc. plans to change the way it sets one-day price limits in the trading of corn, soybean…

Ukraine's farmers miss benefits of… By: 04/23/2014 @ 10:07am Wheat prices in Ukraine in the local currency the hryvnia have hit a historic high due to…

USDA: Reporting Hog Deaths Required By: 04/18/2014 @ 10:45am The U.S. Department of Agriculture said Friday it will require the pork industry to report…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Bill 2014 Timeline