Corn Crop To Hit Nine Year Low

USDA in their crop report, shows U.S. corn supplies for 2012-2013 will hit a nine-year low due to the nation’s record-breaking drought and other factors, which will drive record corn prices even higher. According to the report, corn is projected at a record $7.50 to $8.90 per bushel, up sharply from the $5.40 to $6.40 per bushel projected in July.