Corn futures for July delivery climbed 4% to $7.7525 a bushel yesterday, increasing the...

|By:, SA News Editor

Corn futures for July delivery climbed 4% to $7.7525 a bushel yesterday, increasing the drought-induced surge of the last three weeks to 29% and bringing the price close to the all-time record of $7.9975. With little rainfall expected in the corn belt in the next two weeks, the gains could continue and soon start affecting food prices.