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Corn Prices

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edit Corn prices at an all time high in July 2008

Flooding in the Midwest has devastated much of the region’s corn crop, and caused prices to skyrocket. The price of corn for July delivery jumped Monday to an all-time high of $7.60 a bushel on the Chicago Board of Trade. It was the eighth straight day of trading in which the price hit a record high. The price has already shot up 71% this year, boosting food prices worldwide and fueling what is fast becoming a global inflation epidemic.

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