StoneX Expects Slightly Smaller Corn, Bean Crops
Based on customer surveys and other factors, StoneX estimates the U.S. corn and soybean crops at 14.417 billion bu. and 4.490 billion bu., respectively. It estimates yields at 176.0 bu. per acre for corn and 51.3 bu. per acre for soybeans. The firm’s initial crop estimates are lower than USDA’s July projections of 14.505 billion bu. on a yield of 177 bu. per acre for corn and 4.505 billion bu. on a yield of 51.5 bu. per acre for soybeans.