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USDA estimates smaller corn surplus

Sept. 12, 2011 -The US Department of Agriculture has forecast a surplus of 672 million bushels of corn by the end of the summer of 2012, a figure that is below what is considered safe. Under normal circumstances, a 30-day supply of corn is considered healthy, but 672 million acres is closer to a 19-day supply, which could lead to higher food prices, according to an economist with the University of Illinois.           READ MORE