Bumper U.S. Corn Yield Could Top Records

Early rains, cooler temperatures and hardier seeds have led to projections of a record harvest of corn this year. Most of that corn is used for livestock feed and ethanol.

Because of the predicted glut, corn prices have dropped by 13 percent this year.

Bryce Knorr of Farm Futures magazine tells Here & Now's Jeremy Hobson that consumers can expect to see prices drop at the gas pump, but not at the grocery store.