U.S. Corn, Soybean Crop Yields Reduced After Hot, Dry Spell, Survey Says

U.S. corn and soybean production probably will be smaller than the government forecast last month after hot, dry weather in June and July reduced yields, according to a survey of as many as 28 analysts by Bloomberg News.

Below are their crop estimates in billions of bushels and average yields based on bushels per acre. The U.S. Department of Agriculture is scheduled to release its second field-based estimates of production on Sept. 10 at 8:30 a.m. in Washington.

                Production                  USDA Estimates
                  Average       Range        2010    2009
Corn              13.189    12.938-13.410   13.365  13.110
Corn Yield        162.94     160.0-165.9     165.0   164.7
Soybeans           3.410     3.354-3.471     3.433   3.359
Soybean Yield      43.70      43.0-44.5       44.0    44.0

U.S. Corn and Soybean Production

Corn Corn Soybean Soybean

Crop Yield Crop Yield ================================================================ ABN Amro 13.325 164.5 3.448 44.2 A/C Trading Inc. 13.245 163.5 3.433 44.0 ADM Investor Services 13.321 164.0 3.433 44.0 AgriSource Inc. 13.170 162.6 3.397 43.6 AgriVisor LLC 13.204 163.0 3.373 43.3 Allendale Inc. 13.147 162.3 3.370 43.2 Brock Associates 13.244 163.5 3.471 44.5 Brugler Marketing 13.134 163.5 3.424 43.9 Citigroup Global Markets 13.410 165.9 3.403 43.8 Doane Advisory 13.282 164.3 NA NA Grain Service Corp 13.240 163.5 3.420 43.8 Farm Futures 13.203 163.0 3.430 44.1 FCStone 13.195 162.0 3.390 43.5 Global Commodity Analytics 13.165 161.8 3.361 43.2 JPMorgan Chase & Co 12.938 160.0 3.379 43.5 Kropf & Love 13.245 163.5 3.354 43 Linn Group 13.016 160.7 3.399 43.6 Mid-Co Commodities 13.145 162.7 3.372 43.3 Newedge 13.156 162.8 3.395 43.7 Northstar Commodities 13.000 160.5 3.433 44.0 Penson GHCO 13.180 162.7 3.354 43.0 PFG Best Inc. 13.210 164.4 3.390 43.8 Prime Ag Consultants 13.365 165.0 3.471 44.5 Prudential Bache 13.200 162.9 3.433 44.0 Rabobank 13.082 161.5 3.355 43.0 R.J. O’Brien 13.132 162.1 3.450 44.2 U.S. Commodities Inc. 13.244 163.5 3.417 43.8 Western Milling 13.098 162.5 3.397 43.5

To contact the reporter on this story:
Jeff Wilson in Chicago at 
jwilson29@bloomberg.net.

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