Grain Inventories Dangerously Low

World grain inventories are at their lowest levels since the mid-1970s and a crop failure in a major producing country could trigger a global food crisis, says a leading U.S. commodity trading house.

“The current tight grain stocks situation . . . sets the stage for a world food crisis if any of the world’s major producers experience significant crop production problems in 1992 or beyond,” Cargill Inc., a Minneapolis, Minn.-based trading house, said.