Prices for corn on the rise

BIRMINGHAM, Ala. (WIAT) – Corn prices are on the rise this year, according to the Wall Street Journal.

Prices are reportedly up over 6 percent, partly because of fear on the part of farmers.

An overabundance of rain and cooler temperatures in the Midwest, a region traditionally known for producing much of the nation’s corn product, is delaying planting.

The delay means a possible shortage in the crop and higher prices for consumers.

Copyright 2013 WIAT-TV CBS 42

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