US predicts strong grain harvest but no price falls

Surprisingly strong harvests in the southern hemisphere could help ease global grain shortages, but high prices are likely to persist, the US government has forecast. The US Department of Agriculture predicted that Brazil, one of the world's biggest exporters of agricultural commodities, would enjoy a record soyabean crop and grow more corn than expected. The report on Thursday will ease

http://bit.ly/eCwwHj