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It is significant that the corn market has moved from worrying about declining crop conditions to anticipating a surplus in a period of just two weeks. Urbana, Illinois July 2, 2007 The large corn acreage reflected in a recent USDA report and generally good crop conditions will keep corn prices on the defensive, though weather spikes are likely, said a University of Illinois Extension economist. If the remainder of the 2007 growing season is favorable, the crop will be large enough to...

Department of Agriculture's acreage report released Friday, biotechnology corn varieties accounted for 79 percent of the 9.1 million acres planted this year, up from 76 percent last year. The biggest increase among biotechnology corn varieties was with stacked gene varieties that includes both insect and herbicide resistance biotech genes. Insect resistance (Bt) biotech varieties made up 31 percent of the biotech corn crop, and herbicide resistance varieties made up 23 percent. More than...

Gains in soybean demand will come almost entirely from Brazil s export market, with 2007/08 soybean exports projected at 29. In 2007/08, world oilseed output may fall more than 5 million metric tons to 399 million, as larger rapeseed crops are offset by production declines for soybeans and other oilseeds. However, a greater percentage share of the international market will be ceded to South American exporters as carryover stocks and harvests reach record highs there. In the export market...

latest news Hunger pains Commentary: The world's growing demand for agricultural commodities By Kevin Kerr, MarketWatch Last Update: 12:01 AM ET Jul 2, 2007 CHICAGO (MarketWatch) -- In the past, at least for most of my 17-year career, the commodities markets have been a small part of the overall investment picture for most investors. latest news Hunger pains Commentary: The world's growing demand for agricultural commodities By Kevin Kerr, MarketWatch Last Update: 12:01 AM ET Jul 2, 2007...