CORN: Corn futures are called 4 to 6 cents higher. Informa Economics lowered their US yield estimate from 151 to 149.5, still 1.4 BPA higher than the USDA September number, but smaller than some in the trade had expected. Informa decreased planted corn acres by 430,000 acres and estimated the crop size at 12.519 billion bushels, said Brugler Marketing.
SOYBEANS: Soybeans futures are expected to open the day 7 to 11 cents higher. Informa raised their per bushel bean yield by 0.3 BPA matching the USDA 41.8 BPA from the September supply demand report. Funds bought an estimated 8,000 soybean contracts.
As seen on marketwatchonline.com
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