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U.S. Corn Acres Higher Than Expected

The USDA released its crop acreage report Friday morning.
 
Dan Basse is the president of AgResource Company in Chicago.
 
"It was a big shock," he said. "U.S. corn seeding came in at 91.7 million acres. That was down only 1.1 million acres from the March intention. We in Chicago had been expecting a decline anywhere between 6 and 12 million acres based on the cool, wet spring weather and farmers having all of these problems but the...data suggests that corn did get seeded."
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