June 12, 2008--Corn hits record, soy rallies as floods expand (Washington Post)
Corn prices soared to record highs on Thursday as flooding damaged crop prospects in the U.S. Midwest, heightening concern over shrinking stocks and fueling the market's relentless advance. Torrential rains have swept across the Midwest, the key growing region in the world's top producer, resulting in floods which have destroyed homes, as well as thousands of acres of corn and soybeans.
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