Weekly Outlook: Corn, Soybean Production Forecasts
US - The USDA’s first forecasts of the season show potential for a 2009 US average corn yield of 159.5 bushels and a crop of 12.761 billion bushels. For soybeans, the US average yield forecast came in at 41.7 bushels, resulting in a production forecast of 3.199 billion bushels, writes Darrel Good, Agricultural Economist at the University of Illinois.