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Posted by Iannucci | 3/31/2007 | 0 comments »
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Ethanol demand boosts corn planting

(AP) DES MOINES, Iowa - An ethanol-fueled boom in prices will prompt American farmers to plant the most corn since the year the Allies invaded Normandy, but surging demand could mean consumers still may pay more for everything from chicken to cough syrup.

Farmers are expected to plant 90.5 million acres of corn, according to the U.S. Department of Agriculture's annual prospective plantings report released Friday. That would be a 15 percent increase over 2006 and the most corn planted since 1944. (MORE)