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Posts related to ‘US drought 2012’

Profiting from the U.S. Drought

Posted: August 29, 2012 at 4:29 pm

Higher commodities prices and payments to farmers who purchased crop insurance have led the U.S. Department of Agriculture to conclude that total farm profits will rise this year to $122.2 ...
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Food Price Forecast Unchanged in July

Posted: August 24, 2012 at 12:15 pm

The U.S. Department of Agriculture (USDA) announced today that its estimate for food price inflation did not change in July. The agency still expects food prices to rise 2.5%-3.5% this ...
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Corn Prices Tumble on Low Exports

Posted: August 23, 2012 at 4:40 pm

In something of a surprise today, corn prices gave back nearly all the gains they made in August, closing at the Chicago Board of Trade at $8.13/bushel. That’s a 12% ...
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U.S. Drought to Send Beef Prices Soaring (RRGB, WEN, MCD, RUTH, TSN, PPC, SFD)

Posted: August 23, 2012 at 7:49 am

The first official warning of food price increases due to the U.S. drought came last month, when the U.S. Department of Agriculture forecast an increase of 2.5% to 3.5% for ...
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Drought Expansion Slowed in August

Posted: August 16, 2012 at 11:52 am

The US Drought Monitor has noted a significant expansion of the drought in the lower 48 states has finally stopped. The agency said that about a quarter of the country ...
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Drought-tolerant Corn Being Tested in US (MON, DD)

Posted: August 15, 2012 at 2:25 pm

The most severe US drought in more than 50 years is shining a light on new developments in corn seeds that are sure to stir more debate both domestically and ...
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El Niño Weather Pattern Continues Developing (CORN, SOYB, DBA)

Posted: August 13, 2012 at 12:12 pm

The US Climate Prediction Center continues to forecast the formation of an El Niño weather pattern in the eastern Pacific Ocean in August and September, and now Japanese forecasters have ...
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US Drought Eases Somewhat on Midwest Rains

Posted: August 6, 2012 at 12:32 pm

As much as 85% of the US Midwest got rained on this weekend in amounts varying between 0.2-0.8 inches, offering some relief for corn and soybean crops in the country’s ...
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US Drought Intensifies; Corn Prices Fall on Call to End Ethanol Mandate

Posted: August 2, 2012 at 2:03 pm

The past seven days have seen drought conditions intensify in the states of Nebraska, Kansas, Missouri, Oklahoma, and Arkansas, according to today’s report from the US Drought Monitor: Pretty much ...
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Drought Conditions Worsen, Damage Estimate Tops $12 Billion

Posted: July 26, 2012 at 12:08 pm

The latest report on the US drought increases slightly the area affected by “moderate” drought conditions or worse, but the footprint has widened to include every state, including Alaska and ...
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Rain Forecast Quenches Corn Price Hikes

Posted: July 23, 2012 at 12:27 pm

The weather forecast for US corn growers is little cooler and wetter today, especially toward the end of the week. A forecast for up to one inch of rain in ...
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U.S. Drought Widens, Crop Threats Increase

Posted: July 17, 2012 at 8:05 am

The worst drought in 56 years now threatens crops in a vast swath of the U.S. midsection, running from Indiana to the Sierras. The seasonal outlook through September shows about ...
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Corn Futures Rising Again

Posted: July 16, 2012 at 2:19 pm

Lack of rainfall in the US Midwest has pushed corn futures to a 10-month high, even though some rain is forecast for this week. Hot weather is expected to continue, ...
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US Drought Worsens Despite Some Rain

Posted: July 12, 2012 at 1:44 pm

The US Department of Agriculture released its weekly drought monitor today, noting that rainfall in some parts of the US last week did almost nothing to alleviate the hardest-hit areas: ...
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