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Corn & Soybean Production to Hit Record High


Soybean production is expected to reach a record 3.82 billion bushels in 2014, up 16 percent from last year according to the USDA Crop Production report issued this week. Corn production is also expected to reach record highs at 14 billion bushels, up 1 percent from 2013. The report also included the first production forecast for U.S. cotton, with production at 17.5 million 480-pound bales, which is up 36 percent from last year. Read the report.