Reported 8 months ago
Farmers in the U.S. are holding onto large amounts of unsold corn in their bins despite low prices and ample grain supplies. Many farmers are reluctant to sell as prices continue to decline, with the USDA expecting corn inventories to hit a six-year high by September 2025. This standoff between growers and buyers could lead to choppy grain prices in the coming months, with farmers hoping for a price rally while buyers anticipate lower prices due to the surplus. Some buyers are offering premiums to entice farmers to sell immediately, but the general sentiment is that farmers are in no rush to offload their stocks.
Source: YAHOO