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Oversupply of common grains has spread to niche markets as many U.S. farmers switched to diversified seed strains after four years of large harvests. Premiums for white corn, about 1% of the 14.6 billion-bushel U.S. crop, have fallen to four-year lows of as little as 5 cents over Chicago corn futures.
Shrinking specialty premiums cut farm income and signal weak demand relative to supply, which keeps pressure on corn prices for feed buyers.
reuters.comMichael HirtzerJan 11, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
