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U.S. farmers face harsh economics with record corn supplies in silos

Growers miscalculated when they held on to corn rather than booking sales, experts say

Farmers across the United States are kicking themselves for putting off corn sales after fields dried up in May and June, fueling expectations for higher prices and smaller harvests. Instead, prices tanked as rains saved the crop. The size and speed of the price collapse stung farmers and left their storage bins stuffed with record amounts of corn.





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U.S. grains: Wheat rises nearly four per cent on short-covering, corn and soy climb

Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures rose nearly four per cent on Tuesday, rebounding from life-of-contract lows as a softer dollar and the approach of the spring growing season in the northern hemisphere sparked a short-covering rally, analysts said. CBOT corn and soybeans also closed higher but hovered near multi-year […] Read more