Seeking Alpha

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

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%.
From other sites
Comments (3)
  • Ray Lopez
    , contributor
    Comments (1598) | Send Message
     
    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
  • Alexand2
    , contributor
    Comments (45) | Send Message
     
    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
  • Yorick
    , contributor
    Comments (577) | Send Message
     
    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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs