date:Jul 08, 2014
fell to 115,176 contracts, down 58 percent since April 1, U.S. Commodity Futures Trading Commission data show.
With prices already down 17 per cent from last year, Long said he will probably end up storing about 25 per cent of his crop after the harvest for the first time in four years. He sold about half of his expected output already.
I wish I had sold more, said Long, 58. Farmers are going to stick the corn in the bin and sit on it after harvest.
Stockpiles in the U.S. on June 1 reached 3.