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Huge U.S shift away from corn to soy acres

Record-high soybean prices are expected to lure U.S. farmers to make a huge shift away from corn production in 2008 and if the current cold, soggy weather pattern persists in key corn states, corn plantings may be cut even more dramatically than analysts now expect.

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John Michael Riley, OSU Agricultural Economics associate professor, dives into the recent WASDE report.