The US Department of Agriculture has slightly lowered its estimate of this year’s corn crop, reflecting late planting in the Corn Belt caused by a wet spring. Farmers are now expected to harvest a total of 13.95-billion bushels of corn, 55-million fewer bushels than predicted in June. That still beats the 2009 record by about 858-million bushels. The supply of corn is likely to shrink this summer because of last year’s small, drought-affected harvest of 11-billion bushels and this year’s delayed planting, so prices will likely remain high. That’s good for farmers selling grain, but will increase the cost of corn-based feed for livestock producers. Food prices are not expected to be affected very much by the change.