Pro Farmer Corn and Soybean Estimates Lower than USDA

The 2012 Pro Farmer Midwest Crop Tour has come to a close and the estimates for the nation’s corn and soybean crops are in. Pro Farmer has pegged the U.S. corn crop at 10.478-billion bushels on an average yield of 120.25-bushels per acre. Both of those projections are lower than the estimates released by USDA on August 10th. USDA forecast corn production at 10.8-billion bushels with an average yield of 123.4-bushels to the acre. Pro Farmer is anticipating a harvested acreage percentage of 89.5-percent. For soybeans – Pro Farmer expects a 2012 crop of 2.6-billion bushels with an average yield of 34.8-bushels per acre. Earlier this month USDA projected a 2.69-billion bushel soybean crop with an average yield of 36.1-bushels per acre. Pro Farmer scouts spent the week of August 20th traveling through seven states to look at the corn and soybean crops – releasing state-by-state numbers each night. The final overall estimates were released Friday.