StoneX raised its forecast for the US corn crop
In their November report, StoneX analysts raised their forecast for the U.S. corn crop in 2023 to 15.302 billion bushels, up from 15.282 billion bushels in the previous estimate.
Experts also increased the forecasted yield of the American grain crop to 175.7 bushels/acre against 175.5 bushels/acre earlier.
On the contrary, the forecast of soybean production in the U.S. was reduced from 4.175 billion bushels to 4.162 billion bushels amid a decrease in the forecast of oilseed yield to 0.3 (0.4) bushels/acre.
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