Corn prices rocket past 2008's record highs nearing $8 a bushel

Futures prices for corn reached all-time highs Monday, rocketing past the previous high of $7.66 set in June 2008. These are proving to be volatile times in the trading pits as 2008's highs were initially breached last week and the fireworks continued this week. On Tuesday, April 5, corn futures for May delivery on the Chicago Board of Trade rose 6 1/2 cents, closing at $7.66 3/4 a bushel,

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