date:Jul 19, 2012
ed its forecasts for exports and yields of both corn and soybeans in its latest supply and demand report, released July 11. The USDA slashed its forecast for corn yields to just 146 bushels per acre, down from its June prediction of 166 bushels. The average soybean yield was cut to 40.5 bushels per acre, down from 43.9 bushels per acre.
Crop conditions could continue to worsen, he said, but much needed rain could turn the forecasts around. However, the situation isn't bad enough to warrant a red