Corn prices are rallying amid heightened concerns about tight
supplies even as demand remains strong.
Corn rose 27.5 cents to settle at $5.5575 a bushel Monday. It's
the highest price for corn since the recession intensified in the
fall of 2008.
Much of the trading stems from a government forecast released
Friday that lowered this year's production estimate by 3 percent.
Meanwhile, more overseas buyers are turning to U.S. corn to help
feed their livestock after a drought ravaged Russia's wheat crop,
including grains used to feed cattle and hogs.
There's also strong demand among ethanol producers and domestic
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