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Forecast Calls for Good Corn, Soybean Crops

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<i> Reuters</i>

The nation’s corn and soybean crop, hurt by severe drought but benefiting from late summer rains, will be good but not great, according to grain market experts who toured major producing states this week.

“I think the main thing we found was that while the total harvest for the Midwest may not be as good as last year, 1991 is definitely not going to be a repeat of the 1988 drought crop,” said Jim Quinton of Crop Information Associates, a consulting group that sponsored the tour.

Beneficial rains brought relief from Iowa to Ohio starting Aug. 1, ending a severe drought.

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“If a farmer is lucky and is located in an area that got the rains when they needed them, they are looking at a pretty good harvest,” said David Miller of the American Farm Bureau Federation.

Quinton said weather conditions across the nation’s main crop-producing states this year have been the reverse of the usual pattern.

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