USDA's June forecast is for a crop of 361.95 million tonnes of corn at an average yield of 170.4 bushels / acre.

According to the forecast of INTL FCStone, the soybean crop will be 115.06 million tonnes at an average yield of 47.7 bushels / acre. The USDA forecast is for a crop of 115.87 million tonnes, at 48 bushels / acre.

Certainly there is an interesting forecast for corn. It is expected that with a crop of less than 350 million tonnes, the balance will be very tight in the United States. However, this is still far ahead, given the growing crop forecasts in South America. Still, a crop of 345 million tonnes will set a tune for the US ending corn stocks, which will be a good signal.