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FC Stone updates it's numbers... 09/01/10 8:40:01 PM
CHICAGO (Dow Jones)--Commodity brokerage firm FCStone released its Sept. 1
U.S. production estimates late Wednesday, forecasting the 2010-11 corn crop
at
13.195 billion bushels and the soybean crop at 3.390 billion bushels--both
below its August estimates.
The firm used an average yield of 162.9 bushels per acre for the corn crop
and an average yield of 43.5 bushels an acre for the soybean crop.
These are all below FCStone's previous estimates made before the August
crop
report, when the firm pegged the corn crop at 13.430 billion bushels, with a
yield of 165.8, and the soybean crop at 3.428 billion, with a yield of 44.
In August, the U.S. Department of Agriculture put the U.S. corn crop at
13.365 billion bushels and soybean output at 3.433 billion.
The USDA is scheduled to release updated figures Sept. 10, at 8:30 a.m.
EDT
(1230 GMT).
Last year, corn output measured 13.110 billion bushels, and soybean
production came in at 3.359 billion.
-Andrew Johnson Jr., Dow Jones Newswires; (312) 347-4604;
andrew.johnsonjr@dowjones.com
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