WASHINGTON. Nov 10: The Agriculture Department on Wednesday raised its forecast for the 1994 corn harvest to a record 10 billion bushels and said farmers wquld get lower prices as a result, reports AP

The department also raised Its already strong estimate for this year's soybean crop.

The department forecast corn production at 10 billion bushels, up four per cent from Its October 1 forecast and 58 per cent above the, 1993 harvest. Farmers set the previous record in 1992. when they harvested 9.48 billion bushels.

The 1993 harvest slipped io 6.344 billion bushels as much of the nation suffered from either flooding or drought. Tills year, however, the growing season had been Ideal In most arras.

The department also said the soybean harvest would total 2.52 billion bushels, up three per cent from the October forecast and 35 per cent from last year. The previous record was 2.26 billion bushels in 1979.

The forecasts are based on field surveys conducted on November 1

The report said corn yields are expected to average a record 138.4 bushels an acre, up 4.6 bushels from the October forecast and seven bushels above the 1992 record

Soybean yields are forecast at a record 41 5 bushels an acre, one bushel above October 1 and 8.9 bushels above a year earlier

The department said its latest corn production forecast is 408 million bushels more than Its October prediction As a result of the bumper crop, it projected a drop In prices of five cents a bushel, ranging ' from 1.85 to 2.25 dollars a loishel

The soybean production forecast Is 65 million bushels more than the department a October .protection