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US Sees Tighter Grain Supplies, Sending Prices Higher [Yahoo! Finance]
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Most Read from Bloomberg Biden Set to Hit China EVs, Strategic Sectors With Tariffs Elon Musk Pledges to Grow Supercharger Business He Just Decimated Ackman Scolded Over DEI Views at Closed-Door Milken Session Apple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TV Novavax Soars on $1.2 Billion Sanofi Vaccine Licensing Deal World wheat stockpiles for the 2024-25 season were estimated at 253.6 million metric tons, below the average estimate and the lowest level in seven years, according to the US Department of Agriculture's first such forecast. The outlook comes amid small on-hand grain supplies and worries that adverse weather will hit oncoming harvests, with cold weather in top wheat-exporting Russia among the concerns. Russia will remain the world's top exporter but is expected to ship less in the season beginning on July 1 than the previous one, according to the USDA. World corn supplies of 312.3 million metric tons came in about 2.1% below the average estima
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