Corn prices surge as USDA reports 18 states hurt by drought

Posted by Washington Post: Juliet Eilperin on July 10th, 2012
Associated Press: The U.S. Department of Agriculture report said 30% of the corn in the 18 states that produce most of the nation's crop is now considered in poor or very poor condition. A week ago, it was 22%. Indiana and Illinois have been particularly hard hit. The USDA said 61% of Indiana's corn is now rated poor or very poor, compared to 50% last week. In Illinois, 48% of the corn is rated as poor or very poor, compared to 33% a week ago. Nationwide, the amount of corn rated good to excellent also is dropping,......

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