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Drought still impacts corn growers

The drought that impacted the United States and the countries around the Black Sea seems to be a thing of the past. The picture is quite different for South America where hot and dry conditions in parts ot the continent make

How will the current US heat wave impact corn and soybean prices?

Temperatures are poised to pass 38°C (100°F) in the coming week in western corn-belt states such as Iowa. The heat revived memories of the devastating drought in the US last year, which slashed grain output and sent prices soaring. A

Sustainable supply-chain at risk: the US drought example

Weekly drought figures released  by the US Drought Monitor show the situation continues to be a problem with approximately 50% of continental US now suffering from a moderate drought or worse. Despite recent precipitation bringing welcome relief and downgrading of the

Wheat: American soils victims of the consequences of drought

Despite the rain from November to January, the American cultures should still undergo a major water deficit in 2013. The drought of 2012, the worst in the last fifty years, has resulted in the soil drying out which is difficult for

Wheat: Ukraine intents to ban exports

A hot, dry summer like never before in the history of the United States, Russia and Eastern Europe has led to lower yields for the global production of corn and wheat. Now, Ukraine announced its intent to ban wheat exports from

Grains, Soybeans Jump on USDA Data, Signaling Higher Food Costs –

Corn rose the most allowed by the Chicago Board of Trade as concerns mounted that food costs will climb after the latest U.S. government forecasts on supplies and acreage. Soybeans and wheat also jumped. Soybean futures for May delivery jumped

Worst Texas Drought in 44 Years Eroding U.S. Wheat, Beef Supply –

The worst Texas drought in 44 years is damaging the state’s wheat crop and forcing ranchers to reduce cattle herds, as rising demand for U.S. food sends grain and meat prices higher. Texas, the biggest U.S. cattle producer and second-largest

World Food Prices Rise to Record, May Gain Further, UN Says (2) –

Rising food costs contributed to riots across North Africa and the Middle East in the last several months that toppled leaders in Egypt and Tunisia. Prices surged as bad weather ruined crops from Canada to Australia and Russia banned grain

Wheat Jumps to Highest Since 2008 as Chinese Crop Faces Drought –

Wheat climbed to the highest level since August 2008 in Chicago as drought threatened to damage crops in China, curbing global supplies, and as Middle Eastern and African nations boosted purchases to tackle food inflation. March-delivery wheat rose as much

Commodities Head for Biggest Weekly Gain Since October 2009 –

Commodities headed for the biggest weekly gain since October 2009 as global shortfalls of cotton and wheat drove agriculture prices higher. The Thomson Reuters/Jefferies CRB Index of 19 raw materials rose 3.25, or 1 percent, to 315.35 at 1:31 p.m.