WASHINGTON (AP) - Food prices could rise next year because an unseasonably hot summer is expected to damage much of this year's corn crop.
The U.S. Department of Agriculture estimates a surplus of 672 million bushels of corn will be left over at the end of next summer. The estimated surplus is down from last month's forecast and well below levels that are considered healthy.
This spring, farmers planted the second-largest crop since World War II. But high temperatures stunted the plants.