AFBF: Report Bearish for Corn, Neutral for Soybeans
US - The Agriculture Department is forecasting a record US soybean crop and the second-largest corn crop ever. But thanks to tight global soybean supplies, soybean prices should be under less pressure than corn prices where the huge crop is giving a bearish tone to the market, according to Terry Francl, senior economist with the American Farm Bureau Federation.
13 August 2009
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