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Producers stockpiling grains amid global glut

From the US to China, years of bumper crops and low prices have overwhelmed storage capacity for basic foodstuffs

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US farmers facing a fourth straight year of declining incomes are hanging on to grain in the hope of higher prices later.

Chicago

IOWA farmer Karl Fox is drowning in corn. Reluctant to sell his harvest at today's rock-bottom prices, he has stuffed storage bins at his property full and left more corn piled on the ground, covered with a tarp.

He would rather risk potential crop damage from the elements

sentifi.com

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