Analyst: Prices for corn, soybeans at peak

URBANA – A veteran commodity market analyst said he thinks both corn and soybean prices have peaked for the year – unless central Illinois gets a drought this summer.

Jim Gill, president of MarketVal Enterprises, a commodity marketing advisory service, told farmers at the 96th annual Champaign County Farm Bureau meeting Monday that certain market trends mean grain prices could tail off in 2008.

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