If you were not aware of it, this has been a summer of serious drought in corn country. How bad is it?
Well, this is a corn field in Minnesota, just south of the Twin Cities.
And, this is a corn field in northwest Missouri.
Here is a closer look.
This gives you a feel for what a chart like the one in this report means.
And since 40% of the nation's corn crop goes to fuel, via government mandate, all of the drought-related shortage is going to come out of the food supply. Explanation here. Expect higher prices!
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