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Corn prices increase to 8-year highs

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Corn prices are up more than 30%.

That's the highest they've been in nearly 8 years.

It means you may soon have to fork over more money to make some of your favorite corn-based items, including tortillas, corn salad and cornbread.

    Retailers are expected to absorb the initial increase, but consumers may notice the rise in prices later this summer.