The price of corn right now may still be based on the USDA prediction of a huge amount of corn being harvested. I see lots of comments on here about corn in different parts of the country not even producing a crop. The actual price may go up when yields fail to achieve USDA predictions.
My brother is skeptical that the corn and beans will make a crop in his area. Our nephew 60 miles away got 6/10ths over the weekend; he thinks that will be enough to get the corn to at least make some kind of yield.