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The latest U.S. Drought Monitor isn't pretty, showing substantial declines in "abnormally dry"...

  • Thursday, July 12, 2012, 1:01 PM ET
    The latest U.S. Drought Monitor isn't pretty, showing substantial declines in "abnormally dry" and "drought-moderate" areas and a commensurate jump in those areas labeled "drought-severe" and "drought extreme," with "drought exceptional" creeping in as well. Corn rebounds from yesterday's sell the news action following the USDA report, +3.9%.
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This news story has 3 comments:

  •  
    It will rain in the Midwest this weekend, you watch. Drought is already over in DC area, due to rain. Corn future shorts watch out!
    13 Jul 2012, 12:14 AM Reply Like
  •  
    Ray - Noted! Keep in mind though that what is dead and gone can't come back. Another week of this and expect the losses to be double.
    13 Jul 2012, 01:03 AM Reply Like
  •  
    Armageddon for Corn/Wheat already factored in, rest of the world not doing badly with yields, world will not buy $9 corn bushels...alternatives will suffice.
    16 Jul 2012, 02:20 PM Reply Like
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