IN AN AGE of round-the-clock news cycles and ubiquitous social media, secrets are hard to keep. That's even more true in a grain market where high-speed computers trade the latest headlines, making or breaking prices in an instant.Yet, as the 2018 fall harvest hit high gear in the U.S., futures seemed to ignore a huge story: the tightest world feed grain supply and demand outlook in five decades. The number of days' supply of grain on hand a year from now around the world could drop to its lowest level since the days of the Great Russian Grain Robbery in the early 1970s.
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