Source: PROGRESSIVE FARMER, 8/10/18

USDA pegged the national average corn yield at 178.4 bushels per acre (bpa), higher than last month's 174 bpa estimate and the average pre-report estimate. That bumped up estimated production to 14.59 billion bushels, 356 million bushels higher than last month's 14.23 bb estimate. Soybean yield and production were estimated at 51.6 bpa and 4.59 billion bushels. Both figures exceeded the range of pre-report expectations.

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