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Corn acreage estimates up

Posted: Monday, July 13th, 2009 at 6:53 am
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USDA corn supply estimates for the end of next crop year are up sharply compared to last month. The federal agency predicts there will be nearly half a billion more bushels than initially forecast. Iowa State University economist Chad Hart says the increase is due to more reported corn acreage. Hart says demand has been adjusted down, especially on the sweetener side. Hart says producers should take this into consideration as they decide whether or not to enter into the ACRE Farm Revenue Program.

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