In a good year the U.S. corn crop comes in at 13 billion bushels, accounts for 55% of the world’s corn exports, and is worth about $60 billion. But 2012 is not a good year. As drought ravages the farm belt, production is forecast at 10.8 billion bushels, and corn has hit a historic high of $8.29 a bushel. A look at the industries that suffer from corn’s high cost.
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By Cecilia Paasche
By Cecilia Paasche
August 27, 2012, 5:00 AM ET
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