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Drowning in grain: How big agri sowed seeds of a profit-slashing glut

A global grains glut is now in its fourth year, with supplies bloated by favourable weather

Reuters  |  Carman, Manitoba (Canada) 

On Canada's fertile Prairies, dominated by the yellows and golds of canola and wheat, summers are too short to grow corn on a major scale. But Monsanto Co is working to develop what it hopes will be North America's fastest-maturing corn, allowing farmers to grow more in Western Canada and other inhospitable climates, such as Ukraine. The seed and chemical giant projects that western Canadian corn plantings could multiply 20 times to 10 million acres by 2025 —adding some 1.1 billion bushels, or nearly 3% of current global production. The question, amid ...

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First Published: Wed, September 27 2017. 18:03 IST