Drought pushes soybean price to record high
By The Week Staff | July 19, 2012
S
oybeans hit a record high of $16.455 a bushel Thursday as the worst drought since 1956 ravages crops and sends food prices soaring. Wheat rose to $9 a bushel, close to a four-year high, while corn hit its highest point since 2008, coming within 1 percent of its all-time high.
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