Corn Futures Jump After USDA Cuts Yield More Than Expected

Corn is a food that farmers grow, and the government has people who guess how much corn will grow this year.

This year it has been very hot, like a big heat wave, and that can make corn plants produce less corn.

When the government said there might be less corn, the people who buy and sell corn got excited and prices went up a lot.

Prices jumped by as much as 4.6% in one day, which is a big change.

The government now thinks farmers will grow about 180.7 bushels of corn on each acre of land.

That's less than they first thought, but the total amount of corn will still be the second most ever.

Some places, like Iowa, will even have their best year ever for corn.

Wheat prices also went up because of worry about a conflict far away that could stop ships carrying wheat.

The war between Russia and Ukraine near the Black Sea is making people nervous about food shipping.

So overall, hot weather and world events made the price of food crops go up.