News Summary: Drought-stricken corn prices fall

News Summary: Corn prices edge down after record high; oil falls along with stocks

DOWN FROM SKY-HIGH: Corn prices edged down 1 percent. Corn for December delivery, the most active contract, lost 8.75 cents to close at $8.0525 per bushel. But it was only small relief: On Monday, September corn hit a record high of $8.20 per bushel.

A DRY SUMMER: Corn prices have been rising as drought grips much of the country, including corn producers like Indiana and Illinois. Some analysts think it's too late in the season to salvage much of the corn crop even if rains come.

OIL INCHES DOWN: Energy prices fell along with stocks, as investors waited to see whether the Federal Reserve would pump more money into the economy. Crude, gasoline and heating oil all fell.

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