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Near-record soybean harvest seen

LITTLE ROCK, Ark. (AP)--Arkansas' soybean farmers are on pace for a harvest that would be the largest in the state in three decades.

Despite mold, worms and drenching rains that led to federal disaster declarations--the U.S. Department of Agriculture projects the soybean crop at more than 128 million bushels.

That would be the highest yield since a record 144 million bushels 30 years ago.

The number is 4 percent above last year and yields of 60 to 80 bushels per acre have been reported. Prices are also up with farmers expected to get more than $9 per bushel, compared with last year's average of $8.85.

The gains are offset somewhat by the year's extra fungicide and insecticide costs, which can take big bites out the farmer's profit.

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