date:Sep 06, 2013
down from their prior estimate of 13.406 billion and 152.4 bushels per acre. Another private advisory firm estimated the crop at 13.676 billion bushels with a yield of 153.4 bushels per acre.
The August USDA estimate called for a 154.4 bushel per acre yield with production at 13.676 billion bushels.
FC Stone is expected to be out later today with their updated production forecast. The trade is in large agreement that over the last 2 weeks, yields have been trimmed in some areas due to the ext