OMAHA (DTN) -- Private analytical firm Informa Economics sees U.S. soybean production climbing over 4 billion bushels with an average yield of 48.5 bushels per acre.
"This estimate adds to the bearish case for soybeans and soybean prices are trading lower in response to Informa's numbers," DTN Analyst Todd Hultman said.
Informa's production forecast is 104 million bushels higher than USDA's September estimate and its yield estimate is 1.9 bpa higher. No state average yield is expected to decline from September's estimates, Informa said.
Soybean planted acres will likely be reduced by 1.2 million acres in USDA's October report, but ...