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USDA Reports Corn In 18 States Hurt By Drought

The condition of corn in the 18 states that produce most of it has deteriorated due to widespread drought.

The latest report from the U.S. Department of Agriculture says 30% of the crop is now considered in poor or very poor condition. A week ago, it was 22%.

Indiana and Illinois have been particularly hard hit.

The USDA said Monday that Indiana's corn is now 61% poor or very poor compared to 50% last week.

In Illinois, 48% of the corn is rated as poor or very poor, compared to 33% last week.

The amount of corn rated good to excellent also is dropping, to 40% this week from 48% a week ago.

Corn surged 31 cents to $7.74 in afternoon trading.

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