GO
Loading...

Weather

More

  • Cyr: Drought, Ethanol Mandate Equals a Big Problem Wednesday, 15 Aug 2012 | 8:38 AM ET

    As a result of a Congressional mandate passed in 2005 and expanded in 2007, over 40 percent of this year’s greatly depleted corn crop will be diverted from food and livestock, and instead be sold at the gas pump. We are trading our precious, fertile acres of farmland for a small dent in our oil usage. We are prioritizing our goal to reduce oil dependence over providing food to people.

  • Can Drought-Tolerant Seeds Save the Crop? Tuesday, 14 Aug 2012 | 3:06 PM ET
    A rotting ear of corn sits on a struggling corn plant in a drought-stricken farm field.

    The drought has been awful for farmers, but it could reap a bumper crop of good news for the seed business. With much of this year's corn harvest expected to be a disaster, analysts expect farmers to double down on seed purchases next year to get back on their feet.

  • US Drought Could Have Silver Lining: Fund Manager Tuesday, 14 Aug 2012 | 7:17 AM ET
    An underdeveloped ear of corn lays amongst corn plants damaged by extreme heat and drought conditions in a field in Carmi, Illinois.

    As the U.S. drought continues and global grain prices soar, G20 leaders are considering an emergency meeting at the end of August to consider what measures to take to combat the growing food crisis.  But the surge in corn, soy and wheat prices could also lead to some benefits for the agricultural sector and an opportunity for investors, according to one fund manager.

  • Massive US Drought Leads to Worst Fears for Corn Crop Friday, 10 Aug 2012 | 11:36 AM ET
    An underdeveloped ear of corn lays amongst corn plants damaged by extreme heat and drought conditions in a field in Carmi, Illinois.

    The worst fears for the U.S. corn crop are being realized, as the government now expects the lowest yield in 17 years and a total crop about a third smaller than what was projected at the start of the growing season.

  • The recent dry weather affecting crops across the midwest of America will hit the reinsurance industry with perhaps the biggest loss ever, according to Nikolaus von Bomhard, Chairman at Munich Re.

  • Weather Extremes Leave Parts of US Grid Buckling Thursday, 26 Jul 2012 | 11:34 AM ET
    A police car drives down a tornado-ravaged street March 3, 2012 in Henryville, Indiana. Dozens of people were killed as severe weather and tornados ripped through the South and Midwest on March 02, 2012.

    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.

  • How to Retire Abroad: Costa Rica Friday, 20 Jul 2012 | 10:45 AM ET
    When the time comes to retire, not everyone wants a condo in Boca Raton. Many people want to spend their later years in another culture, one that makes them feel like they’ve stumbled upon a secret paradise.One such place is Costa Rica. Its name means “rich coast,” which is appropriate considering its location on the Central American isthmus. Its equatorial location keeps its climate tropical year-round, and the Pacific Ocean on its west side and the Caribbean Sea to the east make it everything

    Many people want to spend their later years in an environment that makes them feel like they’ve stumbled upon a secret paradise.

  • Will Asia See a Repeat of the 2008 Food Scare? Friday, 20 Jul 2012 | 3:32 AM ET

    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.

  • China Food Firms Brace for Margins Hit From US Drought Thursday, 19 Jul 2012 | 4:42 AM ET

    The worst drought in U.S. history is hurting food companies in China and margins are likely to suffer in the second half of the year, even as firms battle rising wages, analysts tell CNBC.

  • After Bernanke, Markets Turn to Jobless Claims, Earnings Wednesday, 18 Jul 2012 | 7:03 PM ET

    Jobless claims and increasingly soggy-looking earnings news could set the tone for stocks Thursday, after a two-day rally fueled by the prospect of more Fed easing.

  • Drought Now Burning Pig Farmers, Too Wednesday, 18 Jul 2012 | 3:52 PM ET

    Last year, David Struthers’ Iowa corn crop got flattened by wind. This year, it’s getting hit by drought.

  • Corn Prices Headed for Record Highs as Crop Shrinks Wednesday, 18 Jul 2012 | 10:48 AM ET
    A farmer looks over an ear of corn picked from one of his fields near Ashley, Illinois. According to the Illinois Farm Bureau the state is experiencing the sixth driest year on record.

    Corn futures are heading to record highs on reports of wider crop devastation, and as forecasts show continued hot, dry weather threatening even more of this year’s crop.

  • Heat Wave Takes Toll On Small Businesses Wednesday, 18 Jul 2012 | 9:13 AM ET

    Besides having to suffer physically, some small businesses are also seeing sales drop as the temperatures rise.

  • Feds Declare Drought Emergency Across 1,000 Counties Wednesday, 11 Jul 2012 | 2:49 PM ET

    The U.S. government declared more than 1,000 counties in 26 states drought disasters, as the economic impact of the worst crop conditions in 24 years begins to be felt.

  • Farmer Brian Pilotte holds an ear of immature corn while looking over a drought stricken field in Idaville, Indiana, U.S.

    After a multi-week rally, grain prices slumped Tuesday, as traders caught a whiff of summer rain in the forecast, ahead of a major government crop report Wednesday.

  • Corn Crop Shrivels: 'Should Be 7 to 9 Foot Tall by Now' Wednesday, 4 Jul 2012 | 12:01 PM ET

    The size and quality of the U.S. corn crop continues to deteriorate as scorching heat in the corn belt threatens the crop during its critical pollination, or "tasseling" stage.

  • Auto Sales Could Help Drive Market Sentiment Monday, 2 Jul 2012 | 8:11 PM ET
    Customer at an auto dealership.

    The auto industry has been one of the positives in this shaky economy but will it last? Traders will be watching June auto sales on Tuesday—especially after a weak ISM reading.

  • Corn Crop Withers Away: 'Thought It Was Onions' Monday, 2 Jul 2012 | 6:02 PM ET
    Cedarburg, Wisconsin, July 2, 2012.

    Crop conditions continue to worsen, to levels not seen since the drought of 1988, threatening the size and quality of the U.S. corn crop as it enters a critical developmental stage.

  • How Record Heat Wave Is Threatening a Key US Crop Friday, 29 Jun 2012 | 3:41 PM ET
    Sun shines on seed corn plants in a field in Tiskilwa, Illinois. Corn supplies in the U.S., the world’s biggest exporter, are declining at the fastest pace since 1996 just as a Midwest heat wave damages the world’s largest harvest for a third consecutive year.

    Farmers have planted the most corn since 1937, but record-setting heat is threatening the crop yield, causing futures prices to jump.

  • Why You Should Watch Corn Prices for Next Two Weeks Wednesday, 27 Jun 2012 | 11:03 AM ET

    Corn is facing the worst crop conditions in two decades, pushing up prices that could affect everything from cereal to the ethanol in gasoline.

Contact Weather

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Most Popular Video

Thursday, 24 Apr 2014 | 8:49 AM ET

Today CNBC's Jim Cramer explains why he wishes his charitable trust owned shares of Caterpillar, and shares his thoughts on the government's inability to create jobs.

Thursday, 24 Apr 2014 | 8:16 AM ET

Daniel Ernst, Hudson Square Research, provides perspective on Apple's earnings and growth potential. Apple is really innovating but they haven't done it in three years, Ernst says.

Thursday, 24 Apr 2014 | 8:02 AM ET

Doug Oberhelman, Caterpillar chairman & CEO, digs deep into the company's first quarter results and shares his outlook on global sales. CAT reported EPS of $1.44 on revenues of $13.24 billion, beating on both the top and bottom line.