Commodities
US Sees Tighter World Grain Supplies, Sending Prices Higher
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Global grain supplies will be tighter in the coming season, setting the stage for higher prices for agricultural commodities as economies are still coping with stubborn inflation, according to a key US forecast.
World wheat stockpiles for the 2024-25 season were estimated at 253.6 million metric tons, below the average estimate and the lowest level in eight years, according to the US Department of Agriculture’s first such forecast.