Corn Prices Hit New Highs as Drought Sweeps Midwest

The worst drought in a half century will continue to plague most of the U.S. Midwest crop region for at least the next 10 days, with only occasional showers providing some relief mainly in the east, an agricultural meteorologist said on Thursday.

America's top two corn and soybean producing states, Iowa and Illinois, are now in the center of the drought as the dryness spreads to the northwest to leech what little moisture remains in already parched soils.