U.S. Drought Persisting Seen as Threat to Corn, Soybean Crops

U.S. Drought Persisting Seen as Threat to Corn, Soybean Crops

Daniel Acker/Bloomberg

The worst U.S. drought since the 1930s last year lifted corn and soybeans to all-time highs, driving up food costs and prompting South American growers to boost plantings.