Wednesday, 23 February 2011
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Stepped-up U.S. corn plantings still may not ease tight supplies
U.S. farmers are expected to boost corn seedings by more than 4 percent this year, according to recent government estimates, but analysts say that still may be insufficient to alleviate tight supplies and forestall a record price rally. Farmers will plant an estimated 92 million acres to corn this spring, up from 88.2 million acres last year, the U.S. Department of Agriculture said in a report
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