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South American corn, soybean forecasts continue to drop
Story Date: 2/23/2012
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Source: SOUTHEAST FARM PRESS, 2/21/12
According to University of Illinois agricultural economist Darrel Good, “Although in December 2011, the USDA judged total corn production prospects in Argentina and Brazil at 3.54 billion bushels, that forecast was reduced by 120 million bushels in January and by an additional 160 million bushels earlier this month.”
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