Friday, February 19, 2010

Breaking News-RTRS-UPDATE 5-USDA projects record corn crop, rising exports

WASHINGTON, Feb 18 (Reuters) - U.S. farmers can expect a
record corn crop, another huge soybean harvest and strong
demand for their exports, which should combine to boost incomes
for the farm sector this year, the U.S. Agriculture Department
said on Thursday in its latest forecast.
At its annual outlook conference, USDA raised its forecast
for farm exports in fiscal 2010 to $100 billion from the $98
billion it estimated in November and $96.6 billion in 2009, as
world demand begins to recover from recession.