8/13/2015

Corn and Soybean Harvests Above Expectations

U.S. corn and soybean harvests above expectations this year as strong yields in areas west of the Mississippi River will make up for problems caused by excessive rains in eastern production states. The U.S. Department of Agriculture forecast the 2015-16 soybean harvest at 3.916 billion bushels based on an average yield of 46.9 bushels per acre. Both figures were above the government's previous forecasts and topped the high end of the range of market estimates.