date:Aug 26, 2014
ons that a 3.816 billion-bushel US harvest predicted by the Department of Agriculture will boost global inventories. Increased supplies of crops, including corn, are helping reduce global food prices, with a United Nations index slumping to a six-month low in July. US corn output will be a record 14.032 billion bushels, USDA data show.
The continued weight from the large US bean crop is the key driver, Ole Houe, director of advisory services at Ikon Commodities Pty in Sydney, wrote in an e-mail