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Are higher commodity prices the new normal?

July 6, 2011 -First there was market volatility with the potential for higher highs and lower lows, and commodity experts said that was normal. But within the past 12 months, commodity prices have pushed higher, with corn and wheat prices at $6 to $7 per bushel and soybeans at $13 per bushel  -and those prices may be the new norms, according to an economist from Purdue University.       READ MORE