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Despite Lingering Drought, USDA Predicts A Flood Of Grain
2013-02-22 19:42:00| Climate Ark Climate Change & Global Warming Newsfeed
National Public Radio: Economists at the U.S. Department of Agriculture, gazing into their crystal ball, see American farmers planting and harvesting huge amounts of corn, soybeans, and wheat this year. They're predicting a record harvest of corn: 14 billion bushels, up nearly 40 percent over last year's drought-crippled level. With supply up, prices will fall. The USDA thinks that the price of the average bushel of corn could fall by a third. And soybean production and price are expected to follow a similar track. Of...
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