U.S. Corn Stocks Dwindle in Latest Jolt to Inflation Fears
- Supplies are at tightest since 2013, U.S. report says
- Plunge further stokes inflation worry as consumer prices rise
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Corn stockpiles in the U.S., the world’s biggest shipper, keep on shrinking at a time when agricultural markets are steeped in worries over strained supplies and food inflation.
The weather’s too dry for crops to thrive. Americans are embarking on summer travels, which burns up corn-based fuel that’s mixed into gasoline. China is scouring the world market for grains to feed its expanding hog herd.