Record global corn harvests will fail to meet demand for food, fuel and livestock feed
Even a fifth consecutive year of record global corn harvests will fail to meet demand for food, fuel and livestock feed, reducing world stockpiles to the lowest in two generations...Corn may jump 36 percent to a record $9 a bushel if conditions worsen, Morgan Stanley says...“There is a storm developing in agriculture,” said Jean Bourlot, global head of commodities at UBS AG in London. “If we have the slightest disruption in any part of the world, the effect on the price will be considerable.”Please read more at BloomBerg
Even a fifth consecutive year of record global corn harvests will fail to meet demand for food, fuel and livestock feed, reducing world stockpiles to the lowest in two generations...Corn may jump 36 percent to a record $9 a bushel if conditions worsen, Morgan Stanley says...“There is a storm developing in agriculture,” said Jean Bourlot, global head of commodities at UBS AG in London. “If we have the slightest disruption in any part of the world, the effect on the price will be considerable.” Please read more at BloomBerg