Corn prices may hit record high this year
(NEWSER) - American farmers had been planning the biggest corn planting since World War II this spring, but they're being thwarted by a seed shortage. Drought conditions in the Midwest and Great Plains last year have caused what dealers in the corn belt say is the biggest shortage of top-quality seeds they've ever seen, the Wall Street Journal finds. Corn prices hit a record $8 a bushel last spring, and commodities brokers say another disappointing crop this year could send prices as high as $10. More»
