StoneX Reinforces USDA Crop Forecast

Assuming a normal frost date, StoneX is forecasting corn production at 16.5 billion bushel corn crop and a 4.2 billion bushel soybean crop. The average corn yield is estimated at 186.9 bushels per acre, and the average soybean yield is 53.2 bushels per acre. These numbers are in line with USDA’s record forecast last month.