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Automatic TRANSCRIPT

Modestly up a nickel to eight eighty a bushel this coming year supported by lower stocks compared to last year's record level in contrast corn is expected to to decline twenty five cents to three dollars and sixty cents a bushel with larger corn acres and expected return to trade deals Robert Johannsen agriculture department chief economist today in Arlington Virginia as are expected up thirty five cents to four dollars and ninety cents a bushel reflecting low ending stocks cotton prices remain low however global conditions and the return to more normal trading patterns with China remain a significant uncertainty for the cotton market in the coming year problem area last year's planting difficulties as I mentioned resulted in thirteen million fewer acres of soybeans compared to what is equivalent to roughly a six hundred million bushel carry out that reduction support an increase in soybean acreage to roughly eighty five million acres up twelve percent corner is expected to rise four point three million acres to ninety four million following last year's prevent plan supported by new crop prices that are relatively favorable to corn we can connectors are down with more acres planted to rise let's turn to meat and dairy production twenty twenty production to meet with another record at a hundred eight point eight billion pounds beef production will increase about one percent pork about four point five percent.