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BP: U.S. farmers stung by tariffs now face a $3.5 billion corn loss

American farmers already stung by President Donald Trump's trade wars now face billions of dollars in potential losses as controversial data from the U.S. government snuffs out a rally in corn.

The Agriculture Department on Monday said farmers planted a bigger corn area than analysts estimated and pegged crop yields that also exceeded expectations, sparking the biggest rout in futures since 2013. That was a blow to growers who were holding back supplies, hoping a rally that started in May due to delayed sowing would extend through the fall.

https://www.bemidjipioneer.com/business/agriculture/4610056-U.S.-farmers-stung-by-tariffs-now-face-a-3.5-billion-corn-loss

 

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