Gluts of corn, wheat and other crops are finally easing after years of oversupply, but prices have yet to meaningfully rebound, reports theWall Street Journal.
The enormous stocks of agricultural commodities that piled up around the world in recent years are due to start falling, the U.S. Department of Agriculture says.
A combination of robust demand for grain to feed to livestock and droughts from Kansas to the Black Sea region have helped chip away at record oversupply.
That has done little to bolster prices, however, leaving some analysts scratching their heads. Hedge funds and other investors feel tariffs on U.S. agricultural goods levied by China, Mexico and others could kill demand, erode market share and leave American farmers sitting on even larger surpluses.
Read the full reporthere.
