Corn grows in a field near Malden, Illinois. A bumper harvest in 2013 means U.S. corn stockpiles are rising at the fastest pace in nine years. (Bloomberg News)
US corn glut expanding at fastest pace since 2005
CHICAGO — Iowa farmer Julius Schaaf isn’t waiting for his corn to grow kernels before he sells this year. As last season’s record harvest spurs bulging inventories, he’s playing it safe, even as most growers hold onto their grain.
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