National Public Radio: Economists at the U.S. Department of Agriculture, gazing into their crystal ball, see American farmers planting and harvesting huge amounts of corn, soybeans, and wheat this year. They're predicting a record harvest of corn: 14 billion bushels, up nearly 40 percent over last year's drought-crippled level. With supply up, prices will fall. The USDA thinks that the price of the average bushel of corn could fall by a third. And soybean production and price are expected to follow a similar track. Of...
URL: http://www.npr.org/blogs/thesalt/2013/02/22/172694212/despite-lingering-drought-usda-predicts-a-flood-of-grain?ft=1&f=1025
Enclosure: http://media.npr.org/assets/img/2013/02/22/wheat-seed_wide-2ba9f1f325752735a33b511d68917030c70adb51-s6-c10.jpg
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