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Market Matters
Katie Micik DTN Markets Editor
Tue Nov 4, 2014 03:25 PM CST

OMAHA (DTN) -- Private analytical firm Informa Economics tweaked its estimates for U.S. corn and soybean production a little higher than last month in a report released Tuesday morning.

Informa pegged corn production at 14.493 billion bushels, 18 million bushels more than USDA forecast in October.

The national average yield estimate, at 174.4 bushels per acre, is just 0.2 bpa higher than USDA's latest estimate. If realized, the yield estimate would surpass the 2009 yield record by more than 10 bpa. Informa now pegs Illinois corn yield at 202 bpa, up 2 bpa from October.

Soybean production is expected to ...

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