Breaking News-RTRS-UPDATE 1-Informa sees record U.S. corn, soy crops
Posted by Labels: Trader's highlightCHICAGO, Oct 2 (Reuters) - Analytical firm Informa Economics raised its forecasts for 2009 U.S. soybean and corn output, expecting record harvests of both, trade sources said on Friday.
Memphis, Tennessee-based Informa estimated this season's U.S. soy crop at 3.383 billion bushels with an average yield of 44 bushels per acre (bpa). Corn output was seen at 13.127 billion bushels, reflecting an average yield of 164.7 bpa.
Both estimates surpass previous records. U.S. farmers harvested their largest corn crop of 13.074 billion bushels in 2007 and soybeans at 3.197 billion in 2006.
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