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Illinois Economist Gives 2014 Corn And Soybean Outlook

 

Corn prices have dropped 40-percent from their highs in reaction to a record U.S. corn crop in 2013.  However, University of Illinois Economist Dr. Darrell Good says the market may have found a bottom and will stay fairly range bound the next couple months.

He says old crop soybean futures have likely put in a top and the new crop may also be vulnerable with a record crop on tap in South America.

Good says acreage will be the big determinant of row crop prices going into the planting season with predictions for less corn acres and more soybeans.

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