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Inflation-adjusted prices for corn, wheat, and soybeans show long-term declines

Inflation-adjusted prices for corn, wheat, and soybeans show long-term declines
Increased productivity in crop production underlies a general decrease in inflation-adjusted prices for corn, wheat, and soybeans over the past century. This trend was reversed during the past decade by global growth in population and income, increasing biofuel production, and a depreciation of the U.S. dollar.

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Last updated: Tuesday, April 08, 2014

For more information contact: Lewrene Glaser

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