Corn Exceeds $8 A Bushel For First Time In Decade On Shortage Fears

• Corn Exceeds $8 A Bushel For First Time In Decade On Shortage Fears
  by Tyler Durden, https://www.zerohedge.com/
  A combination of factors has sent corn futures in Chicago to the highest level in a decade as investors fret over dwindling supplies. Corn futures haven’t exceeded $8 a bushel since September 2012, following a devastating drought that damaged crops across the U.S. Midwest. Now supply risks return but for different reasons. 
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  The global outlook for corn supplies has plunged since Russia’s invasion of Ukraine began in late February. The war-torn country supplies a fifth of the world’s corn and could experience a 50% decline in output this year. 
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