Informa lowers forecast of US corn and soybean yields

The private analyst firm Informa Economics lowered its forecast for US corn yields in 2018 to 179.7 bushels per acre (bpa). In the previous month, the forecast was still at 182.1 bpa. The US soybean forecast lowered Informa from 53.0 to 52.6 bpa.
The expectation of US corn production now stands at 4.698 billion bushels and the expectation of soybean production at 4.664 billion bushels.
Informa officials were not immediately available to comment on the numbers.

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