Corn prices edge down after record high - KWWL - Eastern Iowa Breaking News, Weather, Closings

Corn prices edge down after record high

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CHICAGO (KWWL) -

The price of corn is edging down, a relief after hitting a record high.

Corn prices have soared as a brutal drought has dried out fields across much of the country, particularly big corn producers like Indiana and Illinois. On Monday, corn for September delivery hit a record of $8.20 per bushel.

On Tuesday Corn for December delivery, the most active contract, fell 8.75 cents to $8.05 per bushel.

November soybeans fell slightly, losing 2.5 cents to $16.41 per bushel. September wheat fell nearly 3 percent, losing 26.25 cents to $8.8825 per bushel.

Energy prices also fell. Metals prices were mixed.

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