SUBSCRIBERS
Hedge funds grow more bullish on corn as surplus eases
Published Mon, Feb 27, 2017 · 09:50 PM
Chicago
THE glut of corn that's been plaguing growers in the US Midwest is finally starting to ease, and hedge funds are betting that will help spark a rally in prices.
US corn inventories are set to drop before the 2018 harvest as farmers curb plantings and demand stays robust, the US Department of Agriculture said on Friday. The decline would be the first since 2013 and signals that the four-year rout in prices could be over.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Sri Lanka approves power deal with India's Adani Group
BP profits drop to US$2.7 billion, refinery outage offsets higher output
Aramco to pay US$31 billion dividend as Saudi posts budget deficit
PetroVietnam announces new oil discoveries with initial reserves of 100.5 million barrels
European oil giants consider shifting their listings to the US
ExxonMobil sees Hess arbitration dragging into 2025, CEO says