Analysts: Corn prices to dip as U.S. plants most corn since 1936

02/20/2013 | Bloomberg Businessweek

U.S. farmers are poised to plant the most corn this year since 1936, potentially yielding 13.863 billion bushels if the weather permits, according to the average of analyst predictions in a Bloomberg poll. "The price is attractive, and we have seen an improvement in soil moisture," said Bill Bayliss, a farmer in West Mansfield, Ohio, where the drought has abated. "We are in a major transition to a more-abundant supply situation," said Don Roose, president of U.S. Commodities.

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