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Overflowing corn bins spur most bearish outlook ever on grains

from Bloomberg

U.S. corn stockpiles at the start of last month were the biggest in 28 years, adding to signs of a glut that's driven global food costs to the lowest since 2010. Hedge funds have been net-short on agriculture from cotton to wheat for three weeks, the longest since the government data started in 2006.

Related: Asia's middle class changes demand for wheat grain (Voice of America) more


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