date:Aug 04, 2012
xt week will forecast a corn yield of 120.7 bushels an acre. Informa pegged the average soybean yield at 37.2 bushels an acre, compared with its July estimate of 40 bushels an acre, traders said.
Rains are set to move across the Corn Belt this weekend, and traders are waiting to see actual rainfall levels afterward. Forecasts overall remain hot and dry, which is negative for the soy crop as it is in its key development phase of setting pods and filling them out with beans.