Thursday, January 13, 2011

Farmers see higher prices

The US Department of Agriculture says corn and soybeans from Iowa harvests are in tighter supply. That sent prices for corn up 30 cents per bushel, and soybeans up 66 cents. The report confirms a smaller corn harvest in 2010, which was feared after record rainfalls in Iowa in July damaged corn and it was too late for replanting. Together corn and soybeans pump about $12 billion into Iowa's economy.

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