By Dow Jones Business News, October 04, 2013, 05:06:00 PM EDT
Informa Forecasts U.S. Corn, Soybean Output Higher Than USDA
CHICAGO--Informa Economics, a private forecaster, said U.S. corn and soybean production will be higher than the U.S.
Department of Agriculture estimated last month due to improved yields for both crops, according to traders. Informa on
Friday forecast corn production this year at 14.01 billion bushels on yields of 158.8 bushels an acre, traders said.
Informa pegged soybean production at 3.176 billion bushels on yields of 41.7 bushels per acre. The firm's projections
for corn production were higher than the U.S. Department of Agriculture's September forecast of 13.843 billion bushels,
and its yield outlook topped the government's forecast of 155.3 bushels an acre. The corn output estimates by both
Informa and the USDA would rank as all-time records, surpassing the 2009 corn crop that totaled 13.1 billion bushels.
STORIES OF INTEREST:
Government Shutdown: Want Fries With That? -- WSJ Blog
Restaurant chains can turn almost anything into a marketing opportunity--even the government shutdown. No sooner did
more than 800,000 federal workers get furloughed than restaurants began offering deals to employees who may not see a
paycheck for a while. Local restaurants in Washington, D.C., have already started offering specials and now, national
chains are jumping on the bandwagon.
Potbelly Shares More Than Double in Debut -- WSJ Blog
Investors are eating up Potbelly Corp's initial public offering. The sandwich chain's shares more than doubled minutes
after they debuted on the public markets. Potbelly's initial public offering priced last night above expectations, in
the latest sign of investor appetite for casual eateries.
Corn, Soybeans Rise as Informa Forecasts Lower Than Expected
CHICAGO--Corn and soybean futures rose for a third straight day after Informa Economics yield and production estimates
for U.S. crops were below analysts' expectations.
U.S. Livestock Futures End Higher as Trading Volume Thins
CHICAGO--U.S. livestock futures ended the session slightly higher, trading on light volume as traders await clearer
insight into demand for both beef and pork. Cattle futures were underpinned by reports of mostly steady cash cattle
trade, with weakness in some regions, indicating to some traders that demand for beef remains firm.
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