CHICAGO, May 27- Chicago Board of Trade corn futures rose nearly 1 percent on Friday to the highest level in 10 months on strong export demand and short-covering ahead of a long U.S. holiday weekend, traders said. At the CBOT as of 1:09 p.m. CDT, July corn was up 4-1/ 4 cents at $4.12-1/ 2 per bushel. July soybeans were up 5-1/ 4 cents at $10.85 a bushel and July wheat was down 1/... » Read More
"If oil does go to $40, that means it'll just be setting up an even more bullish scenario for the duration of the bull market," the famous investor says.
CNBC's Rick Santelli discusses the impact heat is having on U.S. corn crop; and Weather Channel's Paul Walsh discusses how the heat wave is impacting consumers.
In sum, to ensure a world where hunger does not overwhelm society, bold leadership will be necessary to preserve civility in the global neighborhood.
Farmers have planted the most corn since 1937, but record-setting heat is threatening the crop yield, causing futures prices to jump.
Hemp is one of the most versatile crops in the world. For food products, only the hemp seed is used. The rest of the plant — the stalk or fiber, can be used for clothing, building materials or energy.
Corn is facing the worst crop conditions in two decades, pushing up prices that could affect everything from cereal to the ethanol in gasoline.
"If we do not see rain by probably July 4, the corn crop will be diminished dramatically," says Dennis Gartman of The Gartman Letter.
CNBC Investigations Inc. found that none of the proposals to expand crop insurance would add anything to combat fraud, which costs taxpayers as much as hundreds of millions of dollars a year.
In East Tennessee, a "natural disaster" is staged to get federal crop insurance. Another farmer in California claims desert scrub land as a wheat field. As the crop insurance program expands, fraud is likely to increase. With CNBC's Scott Cohn.
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When it comes to playing it safe with commodities, you'll want a portfolio with winners to offset the inevitable losers.
U.S. regulators, retailers and manufacturers are growing increasingly concerned that a surge in the number of products being recalled is resulting in "fatigue" by the public — increasing the chance that consumers could ignore or miss a recall that could ultimately endanger their health, USA Today reports.
People often think of it as being as American as apple pie, but many cultures around the world bring home the bacon.
An iconic hotel in the heart of midtown Manhattan is buzzing with thousands of tiny new visitors. But watch out: They'll sting if you get too close.
Dennis Gartman, The Gartman Letter, explains why investors should return to the sidelines and forecasts where gold is headed.
While the number of dairy cows in the U.S. hasn't changed much, the number of dairy farms has been dropping as small farms either go out of business or consolidate to become more competitive and cost effective.
Check out his conversation with CEO James Hagedorn.
Concerns about mad cow disease and "pink slime" are raising recent questions about food safety. Tom Vilsack, U.S. Secretary of Agriculture, offers insight.
Many countries finance their Olympic competitors, but not the United States, where athletes fund their own training.
Although they all had a background working in Michelin-starred restaurants, what Erik Oberholtzer, Matt Lyman and David Dressler really craved was “farmer’s market food at a price we could afford,” says Oberholtzer.