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Last year, David Struthers’ Iowa corn crop got flattened by wind. This year, it’s getting hit by drought.
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.
Besides having to suffer physically, some small businesses are also seeing sales drop as the temperatures rise.
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.
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.
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.
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.
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.
Farmers have planted the most corn since 1937, but record-setting heat is threatening the crop yield, causing futures prices to jump.
Corn is facing the worst crop conditions in two decades, pushing up prices that could affect everything from cereal to the ethanol in gasoline.
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.
The "Mad Money" host chastised the media, hedge funds and brokerage firms for always putting such a negative spin on the news.
Retail sales for warm-weather products are expected to be stronger than normal in March, the big question looms: are the early sales — combined with an earlier Easter — just pulling demand forward, stealing from April to give to March?
German potash and salt miner K+S published better-than-expected results on Thursday, including EBIT (Earnings Before Interest and Taxes) above 217 million euros ($283 million). Investors need to look beyond the stable outlook for 2012 and see the positive forecast for 2013, Arnaud Scarpaci, fund manager at Agilis Gestion in Paris, told CNBC.com.
Obama proposes slashing the national weather service budget.
Syngenta, the world's largest agrochemicals company, is aiming for higher earnings this year as price hikes and cost-cuts are expected to help it offset the impact of the strong Swiss franc and raw material prices.
As the top 1 percent gather for the World Economic Forum, the Swiss activists from the Socialist Youth Group of Switzerland have set up their igloos—yes, igloos—in the center of the Alpine City.
Thailand’s economy has the potential to grow at 7 percent in 2012, the country’s Deputy Prime Minister and Finance Minister, Kittirat Na-Ranong, told CNBC Friday. He added that the billions being spent this year on post-flood reconstruction projects would help boost the economy.
The Small Business Administration presented a webinar that recapped weather-related events of 2011 and shared advice on limiting financial losses in future events.
Click on to see these luxurious mansions, ranked from least expensive to most, many of which are ski-in/ski-out.
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