January 10, 2020 / 5:23 PM / 8 days ago

USDA raises U.S. corn, soybean harvest estimates

CHICAGO, Jan 10 (Reuters) - The U.S. Agriculture Department on Friday unexpectedly raised its estimate of U.S. corn and soybean production despite adverse weather throughout the fall.

The government also said that winter wheat plantings fell to 30.804 million acres, the lowest since 1909.

U.S. corn production for the 2019/20 marketing year came in at 13.692 billion bushels, based on an average yield of 168.0 bushels per acre, USDA said in a monthly report. Soybean production was 3.558 billion bushels, with average yields of 47.4 bushels per acre. (Reporting by Mark Weinraub)

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