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Corn and wheat producers received a bit of “bearish” news from a pair of reports released recently by the U.S. Department of Agriculture, University of Nebraska-Lincoln Ag Economist Paul Burgener says.
The reports, and the resulting fluctuations in crop prices, are a reminder to growers that they should continuously look for opportunities to sell what they produce, to avoid the down cycles and take advantage of favorable prices, he said.
USDA released annual reports on crop acreage and grain stocks on June 30. Nationwide, corn acreage was up by 1 percent over 2008. Nebraska corn acreage increased by 7 percent. Stocks of corn in storage were up 6 percent nationwide from a year ago.