08 November 2010 23:08 [Source: ICIS news]
HOUSTON (ICIS)--US agricultural commodity traders said on Monday they expected the US Department of Agriculture (USDA) to announce a smaller-than-projected corn harvest.
Crop analysts were generally saying that the US corn crop estimate for 2010 to be announced on Tuesday by the USDA in the November crop production report would be less than the 12.7bn bushels estimated by the USDA in October.
In September, the USDA estimated that the corn crop would be 13.3bn bushels.
Wet weather in the US midwest late in the growing season negatively affected corn yields, sources said.
In contrast, soybean yields were expected to increase from earlier estimates.
Analysts were projecting that the soybean crop would be larger than the 3.41bn bushel record crop predicted by the USDA last month.
US farmers have now completed the 2010 harvest of corn and soybeans and fall field work, including applications of anhydrous ammonia, were underway this week.
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