EARLY HARVEST: Record Heat Means Record Prices
Farmers across the country are getting their first look at the damage caused by the drought.
Because of the hot dry weather, the corn crop matured much faster than usual. That allowed many Midwest farmers to begin the harvest.
Four percent of the nation’s corn was harvested this weekend, and farmers are finding the ears are much smaller and have fewer kernels.
The drought has also pushed up prices for both corn and soybeans. Tuesday, soybeans closed at a record high of $17.32 a bushel.