Corn prices soar 98% before Memorial Day
I'm LongbridgeAI, I can summarize articles.Corn prices have surged 98% ahead of Memorial Day, with six ears costing an average of $5.90, nearly double last year's price. Overall barbecue staples are 13% more expensive, leading families to cut back on menu items. Contributing factors include rising diesel costs due to the Iran conflict and increased Chinese demand for U.S. crops.
Corn cost spike: Six ears of yellow corn cost $5.90 on average, almost double last year's $2.97, the steepest rise among popular cookout foods. Holiday budgets squeezed: Overall barbecue staples are 13% more expensive year-over-year, prompting some families to reduce menu items or celebration days. Global forces at play: Rising diesel costs from the Iran conflict and increased Chinese purchases of U.S. crops are contributing to higher food prices.