US grain futures down as supply shortage fears prove highly exaggerated

14.05.2021

Chicago corn futures fell to a more than one-week low on Thursday, as concerns about tight supplies were tempered after the U.S. Department of Agriculture (USDA) pegged a U.S. stocks forecast above market expectations.

Wheat and soybean prices were also weaker with a stronger dollar .DXY adding to downward pressure on prices.

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