1) The average estimate from the market is a 41.2 bu./A national yield, with harvested acreage at 76.2 mil. and a total crop of 3.14 bil. bu. The trade is also expecting tight carryout of 123 mil. for the 2012-13 crop and 165 mil. for the 2013-14 crop. The average guess for the market is for a global carryout of 61.7 mmt for the old crop and 71.2 mmt for the new crop.
2) Informa Economics projects a 42.4 bu./A national yield, producing a 3.239 bil. bu. national crop. Informa is also forecasting only 74 mil. acres planted to soybeans. Using USDA’s August projections for demand, Informa’s estimates would result in a 205 mil. bu. new crop carryout.
3) FC Stone is forecasting a 3.146 bil. bu soybean crop, based on yields of 41.2 bu./A.
4) Lanworth projects 2013-14 soybean production of 3.114 bil. bu., based on 40.4 bu./A.