October 2, 2008

 

FC Stone pegs US corn at 12 billion bushels

 

 
Commodity risk management firm FC Stone on Wednesday (October 1) estimated the 2008-09 marketing year corn crop at 12.026 billion bushels, with a yield of 151.7 bushels per acre.

 

The firm pegged the 2008-09 US soy crop at 2.889 billion bushels, with a yield of 39.4 bushels per acre.

 

All of the estimates represent a decrease from the firm's previous estimates. In September, FC Stone projected a corn crop of 12.159 billion bushels, with a yield of 153.4 bushels per acre.

 

FC Stone's September estimate for soy was 3.003 billion bushels, with a yield of 41.0 bushels per acre.

 

The USDA in September estimated 2008 US corn production at 12.072 billion bushels, with a yield of 152.3 bushels per acre. Soy production was pegged at 2.934 billion bushels, with a yield of 40.0 bushels per acre.

 

The USDA is scheduled to release updated estimates in October 10.

 

In 2007, US corn production was 13.074 billion bushels, with a yield of 151.1 bushels per acre. Soy production last year was 2.585 billion bushels, with a yield of 41.2 bushels per acre.

   

Video >

Follow Us

FacebookTwitterLinkedIn