+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
Corn prices are rising after a new government report predicted stockpiles will hit a 15-year low by late August.
The U.S. Agriculture Department's latest forecast predicts corn supplies to total 675 million bushels as of late August when this year's harvest begins. That's roughly 5 percent of all corn that will be consumed which would be the lowest surplus level since 1996.
The government also says global stockpiles fell in part because of a smaller crop from Argentina and stronger demand.
Corn futures prices settled up 3.6 percent Wednesday at $6.98 a bushel.
Other commodity prices are mixed.