Corn Harvest Forecast

By: associated press Email
By: associated press Email

The U.S. Agriculture Department says 880 million bushels of corn
will be left over when the harvest begins. That's an increase from
the previous estimate of 730 million acres. Farmers planted the
second biggest corn crop this year since World War II.

News of the big corn crop brought down global corn prices 20
percent over the last month. That means food inflation will likely
slow in 2012, because it takes about six months for ingredient
prices to be passed on from food processors to the grocery aisle.

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