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GLOBAL GLUT

U.S. #farmers reluctant to sell #corn at today’s below-break even prices are stuffing crops in every available space, and even piling it on the ground, hoping to store it long enough for prices to rise. The picture is much the same across the globe, with world stockpiles of corn and wheat at record highs. According to the USDA, global stocks of corn, wheat, rice and soybeans combined will hit 671.1 million tons by next harvest. (Reuters)

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