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Replies to post #11841 on The Rising Influence of Rising Affluence
DewDiligence
04/09/16 12:25 PM
#12408 RE: jbog #11841
Brazil’s crop agency, Conab, said Thursday it expects a record soybean crop this year and a corn crop close to a record.
08/14/16 8:37 PM
#13045 RE: jbog #11841
The Agriculture Department on Friday predicted domestic farmers this autumn will harvest a record 15.2 billion bushels of corn and 4.1 billion bushels of soybeans… The updated production figures surprised grain analysts who had expected recent hot weather would limit yield increases. …Farmers have tried to plant their way out of a three-year slump in incomes ashigher production helped boost world inventories and depressed prices, and industry advocates warned the impact could be dire [no kidding]. … The USDA estimates U.S. farm incomes will fall to $54.8 billion in 2016, the lowest level since 2002.