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Market Update : 
More Soybeans, Wheat; Less Cotton,Corn
Author: 123jump.com Staff
123jump.com
Last Update: 2:04 PM EDT March 31 2008


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U.S. farmers are expected to improve their net income in the current year as commodities prices are expected to trade near record levels. In the latest plating report from the USDA, more farmers are expected to plant soybeans to take advantage of higher prices and battle rising costs of fertilizers. Corn planting will be lower but still near record levels as demand for the largest grain production by value, as demand for ethanol drives the economics.

 

 

 
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