The outlook for global grain supplies and food prices grew more precarious last week as the
U.S. Agriculture Department said it expects U.S. corn supplies to fall to the near-record low
level set 15 years ago.
Red-hot prices aren’t cooling the appetite for U.S. grain as in the past, which means U.S.
supplies are continuing to be drained at a rapid rate to make ethanol fuel, fatten livestock and
meet demand overseas. For the full story click here.