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Global Grain Reserves Are Low; Legacy of U.S. Drought

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Dwindling water supplies, low grain supplies, high prices for bread, meat, milk are outcomes of one of the worst droughts in the American history.
A South American drought keeps global grain reserves tight, but it could mean good things for North American corn producers.

Breaking Laws of Supply and Demand: Record U.S. Corn Crop Not Likely to Lower Food Prices

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Favorable weather and prices, driven up by growing global demand and a series of droughts, have combined to push U.S. corn production to a new high — but retail food costs are not expected to drop.