PIXABAY
There’s an ounce of relief ahead for corn supplies as the blistering run-up in prices begins to shave off demand, reports BloombergQuint.
Corn prices are in the midst of a relentless rally as global supply shrinks, with Chicago futures more than doubling over the past year.
Other grains have followed suit, but the gains in wheat are less dramatic and the IGC raised its consumption estimate in the coming year. Countries like Indonesia are urging feed mills to use more of the crop in livestock rations as corn grows too expensive.
