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To: TigerLikesRooster
"Corn yield forecasts range from 129.3 to 163.8 bushels per acre and the soybean yield forecasts range from 37.8 to 45.3 bushels," he said."

Looks like up to 4% reduction of corn in Iowa, up to 3% of soybeans in Illinois, worst case.

But if other states have great crop yields (plenty of rain this year), the net result could be increased production.

Ethenol and bio-diesel help drive up demand.
So crop prices are high, probably will stay high, imHo.

4 posted on 07/19/2008 2:32:55 AM PDT by BroJoeK (A little historical perspective....)
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To: BroJoeK

That was my first thought; what about the other states? Even here in the “Gay State”, I’ve never seen so many formerly fallow fields full of corn. Ditto up in NH and Maine, and what about all of the other crops?


8 posted on 07/19/2008 3:36:48 AM PDT by MSF BU (++)
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