USDA Report

CROP PRODUCTION

USDA trimmed its estimate of national average corn yield to 148.1 bushels per acre from the August estimate of 153 bpa. That's a slightly greater cut than the average trade estimate, at 148.8.

The corn crop was pegged at 12.5 billion bushels from 84.4 million acres harvested, meeting trade expectations.

Soybean yield was raised slightly, to 41.8 bushels an acre from 41.4 bpa. The crop was raised from 3.056 billion bushels to 3.085 billion bushels, with a harvested acreage figure of 73.8 million. This production figure was near the high end of the pre-report range and slightly above average trade expectations of 3.025 billion.

As seen on DTN.com