Corn Rising On Tight Inventories

CHICAGO — Corn and soybean futures last week rose to their highest levels since July 2008, after the U.S. Department of Agriculture noted that U.S. inventories had fallen to 15-year lows, and projected that the U.S. will produce 93 million fewer bushels of corn in 2011 compared with 2010. The increase in prices, along with the pessimistic projection, could signal a challenging year ahead for poultry

CHICAGO — Corn and soybean futures last week rose to their highest levels since July 2008, after the U.S. Department of Agriculture noted that U.S. inventories had fallen to 15-year lows, and projected that the U.S. will produce 93 million fewer bushels of corn in 2011 compared with 2010.

The increase in prices, along with the pessimistic projection, could signal a challenging year ahead for poultry and livestock producers, who use corn and soybeans in animal feed, as well as p

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