GFM Network News

Markets soar as USDA slashes soy, corn stocks

(Reuters) –– America’s stockpiles of corn and soybeans will be drawn down to uncomfortably thin levels this year, according to a government report Wednesday that sent grain prices soaring and added to concerns over surging world food prices. Dwindling stocks in the world’s biggest food exporter — depleted by strong ethanol demand and a sharp […] Read more