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Corn+Soybean Digest

Biodiesel will add an extra 58/bu. by 2015

Every 50 million gallons of biodiesel raises soybean prices by 1%, says a USDA analysis. Thus, the average 498 million gallons of biodiesel projected to be produced annually through 2015 will increase farm prices by nearly 10%. That translates to an extra 58c/bu. from biodiesel alone, USDA says.

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