Informa raises U.S. 2018 soy yield forecast; corn unchanged

CHICAGO, Aug 3 (Reuters) – Private analytics firm Informa Economics raised its forecast for the 2018 U.S. soybean yield to 50.0 bushels per acre (bpa), from 49.8 previously, and left its U.S. corn yield forecast unchanged at 176.0 bpa, trade sources said on Friday.

Informa projected U.S. 2018 corn production at 14.392 billion bushels and soybean output at 4.445 billion bushels.

The firm projected U.S. all-wheat production at 1.825 billion bushels, down from its month-ago estimate of 1.869 billion.

The all-wheat figure included 1.168 billion bushels of winter wheat, 71 million bushels of durum wheat 586 million bushels of spring wheat other than durum.

Informa estimated the average U.S. yield for spring wheat other than durum at 45.4 bushels per acre, down from its July forecast of 46.8.

Informa officials had no comment on the figures.

The U.S. Department of Agriculture in July estimated the U.S. corn crop at 14.230 billion bushels, with a yield of 174.0 bpa, and the soybean harvest at 4.310 billion bushels with a yield of 48.5 bpa.

The government is scheduled to release updated estimates on Aug. 10.

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