Global Grain Inventories and China
by David A. Widmar [audio mp3="/wp-content/uploads/2016/10/WidmarFINAL10-21.mp3"][/audio] One could summarize the current focus of grain markets with three phrases: low prices, large crops, and growing inventories. This has been especially true given strong U.S. corn, soybean, and wheat yields in 2016. Several reports of large piles of grain around…