CORN HITS 7-WEEK LOW: Corn prices fell to their lowest since late May, as more warm, dry weather in Midwest boosted expectations that crops will recover from devastating flooding last month.
PREVIOUS RALLY WIPED OUT: Corn has fallen 20 percent in the last month, wiping out the record-highs reacheed in June, when prices rose near an unprecedented $8 a bushel.
GROCERY STORE RELIEF: The drop in corn prices is a rare dose of good news for consumers, who will likely see fewer increases in meat and dairy prices since the cost of corn-based animal feed will come down.
NAME_Timothy F. Geithner AGE-BIRTH DATE-LOCATION-47; August 18, 1961, New York City.
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