It’s kind of amazing the supposed worst drought ever has dropped corn yields by just 13%.
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A week ago I heard on the radio that the farmers had planted 5 million more acres of corn and that was why the drought hasn’t hurt the yield as much as it would have otherwise.
I also hear numerous reports of the big price increases for corn at the groceries. ....A week ago, my local Wall-Mart was selling large ears in shucks at 4 for $1 (25 cents an ear and excellent sweet corn), while it was around 38 cents an ear only about 3 months ago at W-M and all other local groceries.
The sweet corn (for human consumption) market is unrelated to the ‘field corn’ (mostly for animal consumption) market that gets the publicity.