Corn Prices Are Popping
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Corn prices are surging after U.S. farmers said they expect to plant the lowest corn acreage since 2010.
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That's because inventories in the world's biggest grower and exporter jumped 30 percent from a year earlier.
Acreage is estimated to hit 91.691 million, down from 95.365 million a year earlier, according to a survey of more than 84,000 growers released today in Washington, Bloomberg said.
Analysts surveyed by Bloomberg estimated 93.014 million, on average.
Here's how corn reacted to the news:
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