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USDA's $8 billion Harvest Fuel Relief Program is expected to provide payments to crop producers, but questions remain about specialty crops, livestock, forestry and additional farm assistance.
The October prices for corn and soybean contracts both averaged higher than the spring price discovery period. Price protection in crop insurance policies will use the harvest price guarantees of $4.75 a bushel for corn and $12.63 for soybeans.
A weaker Brazilian real could make Brazilian soybeans more competitive, but high interest rates, debt and imported fertilizer costs present challenges for producers.
