Bushel of corn streaks past $7

Drought, feed use cut inventory 17%

Posted: January 12, 2013 at 2:08 a.m.

Corn prices surged Friday, capping the biggest weekly rally since July, after the government said stockpiles in the U.S., the world’s largest grower and exporter, shrank more than analysts expected because of a drought-reduced harvest and rising demand for livestock feed.

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Business, Pages 27 on 01/12/2013