Corn Leads U.S. Crop Surge as Drought Seen Eroding Grain Output

Corn Leads U.S. Crop Surge as Drought Seen Eroding Grain Output

Victor J. Blue/Bloomberg

Corn prices through yesterday were up 61 percent since mid-June and soybeans rallied 20 percent, while the government rated the condition of the U.S. crop on Aug. 3 as the worst since 1988.