CHICAGO: Commodity brokerage INTL FCStone on Thursday projected US 2019 corn production at 13.992 billion bushels, with an average yield of 167.4 bushels per acre (bpa).

The company forecast this year's US soybean harvest at 3.743 billion bushels, with an average yield of 47.2 bpa.

The estimates, based on customer surveys and other factors, are what the company predicts will be final production, not what its expects the US Department of Agriculture to say in a monthly supply and demand report due Aug. 12.