NEWS
Informa Lowers Wheat Output Forecast
Fri May 3, 2013 01:35 PM CDT

CHICAGO (Dow Jones) -- Closely watched crop forecaster Informa Economics Inc. on Wednesday projected U.S. winter wheat output of 1.631 billion bushels this year, down 1% or 14 million bushels from last year, traders said.

Informa forecast hard red winter wheat output of 903 millions bushels, down 101 million bushels on the year, and soft red winter wheat production of 506 million bushels, up 86 million bushels on the year, traders said.

Informa also raised its outlook for corn production in Brazil and Argentina. Informa raised its projection for Brazil's corn output 350,000 metric tons to 71.95 million tons, and ...

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