Price of corn has doubled since 2020 and now $7.32 a bushel

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WASHINGTON D.C. (CBS) – The country’s largest cash crop is becoming even more expensive as the price of corn jumped around 50% this year alone.

In addition, a bushel now costs more than twice what it did a year ago at $7.32.

Officials say corn has been one of the sharpest rising raw materials prompting companies to boost prices for goods.

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