You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.


  • New Pimco chief could bring relief to fund giant
    NEW YORK – With Bill Gross' surprise departure from Pimco, 45-year-old Daniel Ivascyn now finds himself watching over trillions in assets at the huge mutual fund firm.
  • PayPal, eBay going their separate ways
    NEW YORK – PayPal's impending split from longtime partner eBay Inc. will ratchet up its appeal to online retail competitors such as and give it the freedom to aggressively take on new mobile pay challenger Apple Pay.
  • US prices for homes lose steam
    WASHINGTON – U.S. home prices in July increased at the slowest pace in 20 months, reflecting sluggish sales and a greater supply of houses for sale.

Bumper crop of Ohio corn drives down prices

– Ohio’s bumper crop of corn this year means lower prices at the supermarket and vegetable stands.

The high corn yields from this year and last year are forcing a drop in prices not seen in the past five years. That’s not so good for farmers, but consumers are benefiting.

Per-bushel corn prices have dropped 38 percent since last July, John Miyares, a statistician with the National Agricultural Statistics Service’s Great Lakes Regional Field Office, told The Dayton Daily News.

The $4.37-per-bushel price last week was the lowest in five years. Miyares says prices of other crops have fallen sharply as well, with soybeans trading at near 2 1/2-year lows and wheat at near four-year lows.

“(Corn) prices were artificially high in the past few years,” said Jeff Wuebkur, who farms corn, soybeans, and livestock in Darke County, northwest of Dayton. “Crops were good last year, and this year they’re just as good. There’s more corn and more beans than ever.”

Nationally, corn has the potential to reach 2003’s record of nearly 14 billion bushels, the U.S. Department of Agriculture said in its midyear report.

High corn prices the past few years have meant high meat prices in grocery stores since 2012. The sudden decline in corn prices may create a price drop for meat prices in the next two years, according to Sam Custer, an Ohio State University extension outreach coordinator.

Low corn prices will impact other commodities, including farmland, with prices expected to drop, Custer said.


Information from: Dayton Daily News.