Many crop market analysts reacted to USDA’s “Acreage” report yesterday by questioning the unexpected increase in acres planted to corn. These analysts believe that, if the new data prove correct, it would significantly alter the supply and demand situation for grains and oilseeds this crop year and next.
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The chicken industry is under intense economic pressure from the rising cost of feedgrains, much of which is caused by the federal government’s ethanol program, Mike Welch, president and chief executive officer of Harrison Poultry in Bethlehem, Georgia told members of Congress this week.
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