date:Aug 11, 2012
below the average pre-report trade estimate of 10,971 million bushels. The soybean number was below the pre-report average of about 2,786 million bushels. The all-wheat number was above the average analyst estimate of 2,220 million bushels.
Based on Aug. 1 conditions, corn yield was forecast at 123.4 bushels an acre, down 23.8 bushels from 147.2 bushels an acre in 2011 and the lowest since 113.5 bushels an acre in 1995, the USDA said. Harvested area was forecast at 87,361,000 acres, down 2 per