Experts say the soggy state could produce less than two-thirds the usual corn harvest. Wet weather kept some 4 million cornfield acres, out of 86 million total, unplanted. Now, floods have killed many already-sprouted stalks.
What bitter timing for farmers. Corn prices are already record-high because demand is, too. Part of the demand is stoked by the distilling of corn into ethanol, something subsidized, tax-credited, and encouraged by the federal government for years. More
