Over 80 percent of California is now in extreme or exceptional drought. CNBC's Jane Wells reports UC Davis predicts this will cost the state $2.2 billion.» Read More
Marijuana is facing a new hurdle in the state of California. CNBC's Jane Wells reports how illegal pot production is contributing to the state's drought problem.
Coffee prices have dropped 5 percent over the last month, but are still one of the year's biggest commodity gainers. CNBC's Jane Wells reports the drought in Brazil may not be as bad as expected.
CNBC's Jane Wells discusses how the drought in Brazil is affecting coffee prices.
CNBC.com managing editor Allen Wastler provides insight to which stories are hot on the website.
*Africa launches its first sovereign risk insurance pool. *Climate change seen major risk to Africa. On May 1, Africa launched its first sovereign risk pool insurance scheme, marking a major policy shift in the way climatic events such as droughts, and from next year floods, will be tackled by the world's poorest continent.
*Local wheat purchasing season set to begin in war-torn Syria. AMMAN/ ABU DHABI, April 28- War and drought have crippled Syria's wheat crop, with some experts now forecasting output of the staple food could fall to around a third of pre-war levels, and possibly even below 1 million tonnes for the first time in 40 years.
*Bunge says poor soy crushing margins in China to improve. CHICAGO, April 25- U.S. wheat futures touched their highest level in more than a week on Friday as escalating tensions in Ukraine heightened fears of supply disruptions and forecasts for drier-than-expected weather fueled concerns about crop damage in the U.S.
CNBC's Jane Wells reports on the good and bad of El Nino if it develops near South American mines, and coffee and cocoa.
NBC's Stephanie Gosk reports the domestic cattle herd is the smallest it has been since 1951. The biggest culprit is California and the Southwest's record water shortages.
*Cocoa has technical bounce after subdued grind data. LONDON, April 11- Arabica coffee futures on ICE hit a more than two-year high on Friday, underpinned by fears that a drought will cut top-grower Brazil's output. Cocoa futures rose in a technical correction after sinking on Thursday due to disappointing demand data.
*Coffee council pegs Brazil 2014 output down 4.5 pct y/y. NEW YORK/ LONDON, April 10- Arabica coffee hit a more than two-year high on Thursday on low crop forecasts amid renewed fears that a drought will severely cut top grower Brazil's output in the coming seasons.
LONDON, April 10- Arabica coffee hit a more than two-year high on Thursday, as fears that a drought could severely cut top grower Brazil's output in the coming seasons kept a recent rally intact.
The USDA's crop report came in lower than expected, and traders are tracking the volatility, with CME trader Chris Gersch and Chris Narayanan, Societe Generale.
Some 30 million Chinook salmon, or "baby king salmon" are being driven by tanker trucks due to the fear of warmer and shallow waters from the California drought keeping them from swimming to the ocean this year. CNBC's Morgan Brennan has the details.
The waters in California are too shallow and too warm for salmon to swim from Hatchery to the ocean. CNBC's Morgan Brennan reports the California drought is forcing tanker trucks to drive salmon to the ocean.
CNBC's Jane Wells takes a look at how the drought across the western part of the country is impacting the oil industry.
CNBC's Sara Eisen takes a look at how the drought across the western part of the country is impacting brewers.
CNBC's Jane Wells reports how the California drought is causing problems for Napa vineyards.
Vail Resorts Chairman & CEO Robert Katz says his resort is still growing 6-8 percent despite the low snowfall in Tahoe.
NEW YORK/ LONDON, March 5- Arabica coffee futures surged above $2 per lb for the first time in two years on Wednesday, on heavy investor buying as concern about crop damage from a drought in top grower Brazil continued to fuel the volatile market.