Financial Times FT.com

US crops’ food for thought

By Chris Flood

Published: April 1 2008 22:22 | Last updated: April 1 2008 22:22

Soyabean and wheat prices continued falling on Tuesday as traders chewed over the implications of the dramatic shifts in agricultural production likely across the US farming industry this year.

Both soyabeans and wheat are set to see a large increase in farmland devoted to their production, while last year’s rush into corn to feed the requirements of the ethanol industry will be partially reversed.

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