As the world’s largest importer of American agricultural products, China stands to get walloped by the drought that is ravaging US croplands. Globalpost reports.
From highways in Texas to nuclear power plants in Illinois, the concrete, steel and sophisticated engineering that undergird the nation’s infrastructure are being taxed to worrisome degrees by heat, drought and vicious storms, the New York Times reports.
With large portions of the nation’s corn crop faltering, Cramer thinks investors should consider this stock.
Record high prices of corn and soybean brought on by the worst U.S. drought in 56 years may be triggering a sense of de ja vu for Asia concerned about a repeat of the food scare in 2008, but most economists are downplaying those fears, for now.
Dennis Gartman of The Gartman Letter, offers investment advice for corn and grain traders. "I think corn might still go higher," says Gartman.
The Weather Channel's Carl Parker reports on the worst drought in years, and the state of agriculture in the Midwest.
The price of grains continues its rise on prolonged drought worries, and Mike Harris of Campbell & Company, checks the charts for an investment opportunity. Amelia Bourdeau of Wespac, discusses whether the euro has hit bottom.
Carl Icahn upped his stake in Navistar, with the Fast Money traders; and Barclays and Goldman Sachs are increasing their price forecast for grain futures as corn continues to rally, with Jim Bower, Bower Trading. "If this weather stays inflammatory, and we keep dropping this yield down on soybeans, we could be faced with a protein shortage worldwide in the months to come," says Bower.
CNBC's Jackie DeAngelis and Jane Wells report on the agriculture department's response to widespread drought conditions, Merck's new osteoporosis drug, and the buyer of Edvard Munch's "The Scream."
CNBC's Seema Mody reports Groupon shares have hit an all-time low at $7.80/share and some investors are trying to unload the stock.
The summer drought is driving up commodity prices. CNBC's Jane Wells reports the latest data from the USDA on global supply and demand.
After the US baked in a searing heatwave and as Russia mourns the deaths of more than 100 flood victims, scientists have produced what they say is groundbreaking research linking climate change to recent extreme weather.
A look at why commodity prices are skyrocketing as a result of this summer's drought, with Jason Roose, U.S. Commodities analyst.
The drought is driving corn prices higher, with CNBC's Rick Santelli, and Matthew Scharl, Genesis Research & Asset Management.
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.
Hundreds died and businesses lost billion in last year's floods, caused in part by overflow from dams filled to hedge against drought. This year, Thailand is testing different prevention measures. The CSM reports.
Drought, demand and debt are taking their toll on crop prices. A play on agriculture volatility , with Matthew Pierce, GrainAnalyst.com.
Farmers with the money and equipment to irrigate are running wells dry in an unseasonably early and particularly brutal national drought that some say could rival the Dust Bowl days. The pain has spread across 14 states, from Florida, where severe water restrictions are in place, to Arizona, the New York Times reports.
China's government has got an ambitious plan to divert trillions of gallons of water from the Yangtze River to quench the thirst of the millions of Chinese in the country's north plain. But the expensive plan is raising a lot of eyebrows. The NYT reports.