Droughts
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CHICAGO, Jan 24- Dry weather remains a concern in the U.S. "There will be some light rain this week in wheat country but it will miss the driest areas in the west," said Andy Karst, meteorologist for World Weather Inc..
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"The main issue in North America is the dryness in the southern Plains," said John Dee, a meteorologist for Global Weather Monitoring. "The coldest readings of zero or below were confined to north of a line from Omaha to Des Moines to Milwaukee," he said.
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DuPont reported Q4 revenue of $7.3 billion versus and estimate of $7.258 billion. More on the quarter and what's ahead for the company, with DuPont Chairman & CEO Ellen Kullman.
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CHICAGO, Jan 18- Dry weather should continue through at least the end of January in the drought-stricken U.S. "The hard red winter wheat belt in the Plains looks quiet, dry and cooler next week, but there shouldn't be a cold air threat in the Plains," said John Dee, meteorologist for Global Weather Monitoring.
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"Everyone is wondering whether this dry weather is the new norm... or an anomaly that will soon pass," said Barney Austin, director of hydraulic services for INTERA Inc, an Austin, Texas- based geoscience and engineering consulting firm. "
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Erkut Ozer, CEO of Global Trading Enterprises, draws attention to record low corn stocks and pressure from increasing demand.
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World Weather Inc meteorologist Andy Karst said a blast of cold air in the eastern United States will begin Sunday with temperatures falling to below zero in the northern Midwest and northern Plains. He said readings of 20 to 30 degrees below zero were possible in eastern North Dakota and northern Minnesota.
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"Dry weather will prevail in core drought areas of the western Midwest and Central Plains through the last half of January," said Joel Widenor, agricultural meteorologist for Commodity Weather Group. " This will also prevent any long-term stabilization in river levels in the middle Mississippi River Valley. "
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"There will be a lack of snow cover in eastern Colorado and western Kansas, so there could be some damage there. Temperatures will fall to zero Sunday morning in western Kansas, "said Andy Karst, meteorologist for World Weather Inc..
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* "Strong, volatile" corn prices "well into summer"- USDA. WASHINGTON, Jan 11- The U.S. quarterly corn stockpile came in 3 percent below expectations because of drought losses that also led the government to forecast on Friday the smallest corn carry-out in 17 years.
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CHICAGO, Jan 10- Minimal improvement is expected in soil moisture levels in the drought-stricken U.S. "Light rains of mostly 0.25 inch or less reached from central Kansas into western and southern Oklahoma with heavier rains in Texas," said Joel Widenor, meteorologist for Commodity Weather Group.
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*Market eyes Egypt wheat tender, export data, USDA report. PARIS/ SINGAPORE, Jan 10- Chicago corn futures extended gains on Thursday to reach a new one-week high on the eve of closely watched U.S. government data that are expected to show a drop in U.S. production and tightening global supply.
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Good rains have fallen in Texas, Oklahoma and Arkansas over the last few days, which should provide some improvement to dry soils and shrunken rivers and streams. But generally the worst-hit areas remain in sad shape, said Brian Fuchs, climatologist with the National Drought Mitigation Center at the University of Nebraska-Lincoln. "
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In its first disaster declaration of the new year, the Agriculture Department made growers in large portions of four major wheat-growing states- Kansas, Colorado, Oklahoma and Texas- eligible for low-interest emergency loans. Kansas was the No. 1 state at 382 million bushels. In all, USDA listed 597 counties in 14 states as natural disaster areas.
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WASHINGTON, Jan 9- The U.S. Department of Agriculture on Wednesday named 597 counties in 14 U.S. states as drought disaster areas, its first such designations for 2013.. The move made all qualified farm operators in those areas eligible for low-interest emergency loans. The counties have been in at least a "severe drought," as measured by the four-step U.S.
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Drought conditions in the Midwest have left the Mississippi River so dry, that shipping could grind a halt within days. CNBC's Sharon Epperson speaks to Mike Toohey, Waterways Council president and CEO for more insight.
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LONDON, Dec 19- The insurance industry looks set to absorb about $65 billion in catastrophe claims this year, down from a near-record $120 billion in 2011, reinsurer Swiss Re said.
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How the U.S. drought is affecting the global agriculture business, and how to play the industry, with Martin Richenhagen, CEO of Agco Corporation.
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The U.S. Department of Agriculture reported Friday that after the worst drought in half a century, the corn and soybean crops are not quite as bad as feared. But damage has been done to the beef industry.
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Reynolds Wolf, The Weather Channel, looks at forecasts for where Hurricane Sandy is headed. (3:08)