retail news in context, analysis with attitude

• The Wall Street Journal reports that “in a reversal of historic patterns, the price of corn is higher than wheat, an anomaly that is upending commodities-trading strategies and changing what poultry producers feed their chickens ... Wheat usually costs much more than corn, trading at a 31% premium as recently as January. But corn has risen 7% so far this year amid low supplies and rising demand from China. Meanwhile, wheat has tumbled 17% as many countries produce bumper crops.”
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