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Originally published Friday, March 30, 2012 at 1:43 PM

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Summary Box: Corn, beans soar on supply forecast

POPPING PRICES: Corn and soybeans soared on signs that supplies could remain tight even as demand continues to strengthen. The Agriculture Department said corn stockpiles are about 8 percent less than a year ago and soybean stockpiles are up about 10 percent. Together with planting estimates, analysts said that could mean both crops could be in short supply into 2013.

The Associated Press

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POPPING PRICES: Corn and soybeans soared on signs that supplies could remain tight even as demand continues to strengthen. The Agriculture Department said corn stockpiles are about 8 percent less than a year ago and soybean stockpiles are up about 10 percent. Together with planting estimates, analysts said that could mean both crops could be in short supply into 2013.

WHEAT GAINS: Wheat inventories fell 16 percent from a year ago. Planting estimates increased just slightly as some farmers opted to plant either corn or soybeans instead.

MIXED BAG: Gold, copper and oil rose. Gasoline and natural gas fell.

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