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Higher crop prices followed closely by higher costs and risk

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WILLMAR -- With local cash corn and soybean prices hovering around $4.75 and $11 per bushel, and futures contracts rising over $5 and $12, it is not hard to assume that farmers are profiting nicely from each bushel of grain they sell.

However, the costs of raising Minnesota's two biggest cash crops are rising just as fast, or perhaps even faster, than the prices offered at the local elevator or on futures contracts on the Chicago Board of Trade.

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