“I watch them every day," Nation said. "I have a consultant who helps me on my marketing, he watches it every hour.”

Commodity traders on the floor of the Chicago Board of Trade are also keeping close watch over the rapidly changing prices, including GrainAnalyst.com’s Matthew Pierce.

“The drought concerns this year have expanded exponentially as we have approached harvest, and some of the pro-farmer numbers we have seen recently have shown much more damage than was even expected just a month ago,” he said.

Pierce says the outlook for both corn and soybeans gets worse by the day, and has global implications.

“The U.S. exportable surplus is dwindling by the day," he said. "And China, Japan, South Korea, Mexico are going to be most directly affected by that.

“We are at all time highs on both corn and soybeans, and that hurts everything over the long, long haul," Pierce continued. "Everybody is going to feel this effect.”

Everybody, including Nation’s neighbors, will feel it. He says they will see an increase in the price of their groceries in about six months.

But despite all he faces, Bruce Nation will not call this year’s drought a disaster.

“I would not say a disaster. I would say a setback," he said. "It is going to set every body back a little bit. But the farmer has a heck of a human spirit to him, and he is going to go right on plugging. And that is all you can do, keep swinging.”