Corn Prices Hit Another New High

Posted by Patrick O'Connor on 6/11/08 10:39 am

Corn prices hit a fresh all-time high for the fifth consecutive day today after flooding increased in the Midwestern states.  The Agricultural Department released a reduced corn-production forecast yesterday, but analysts expect that more downward revisions from the AD are inevitable.  In fact, some believe corn supplies will hit their lowest level in 13 years next summer.

Read more blog posts on rising food prices.

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