Corn Farmers Hold Amid Price Slump

U.S. corn farmers are holding onto their crops despite low prices and ample supply, hoping for a price increase later in the season and creating a standoff with buyers banking on lower prices due to the grain glut. While some buyers offer premiums for immediate supplies, farmers are reluctant to sell, potentially causing volatility in grain prices. The USDA expects to release a report on June 28th detailing the amount of corn stored on farms, which could shed light on the situation. Meanwhile, analysts predict that demand for corn will remain steady, leaving the outcome of this standoff uncertain.

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