date:Jan 13, 2014
number was below the average of pre-report trade estimates of 14,053 million bushels but for soybeans was above the trade average of 3,270 million bushels.
Corn futures prices rallied about 10 cents a bushel shortly after the report while soybean futures traded mostly higher.
Average corn yield was estimated at 158.8 bushels an acre, down 1.6 bushels from November but up 35.4 bushels from 123.4 bushels an acre as the final 2012 average yield. Harvested area was estimated at 87,668,000 acres,