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Crop fears push corn prices to 10-year high

By Kevin Morrison

Published: November 3 2006 02:00 | Last updated: November 3 2006 02:00

Corn prices surged to a10-year high yesterday after private forecasters said the 2006 corn crop would be lower than the latest government estimates.

Informa Economics said US corn production this year would reach 10.73bn bushels a year. This is lower than the US Department of Agriculture's estimate of 10.9bn bushels. The USDA releases its latest forecast next Thursday.

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