date:Sep 06, 2013
om the August USDA estimate of 42.6 bushels per acre implying total production of 3.255 billion bushels.
Private crop production forecasts began hitting the market today ahead of the USDA report on September 12th. A private satellite firm estimated soybean production at 3.114 billion bushels on an average yield of 40.4 bushels per acre.
This is down from their prior estimate of 3.14 billion and 40.8 bushels per acre. Another private advisory firm estimated the crop at 2.98 billion bushels with