CHICAGO, July 9- Last year's U.S. drought, the worst since the Dust Bowl, is delivering its final sting to major grains buyers like Archer Daniels Midland, Bunge Ltd and Cargill Inc, who are paying record-high premiums for dwindling supplies of last year's crops.» Read More
There's no question there will be less corn than expected, and that has driven grain prices to record levels. There is some question as to how much corn farmers will suffer.
U.S. farmers are heading for their most profitable year on record despite the worst drought in half a century as high grain prices and payouts from a federal crop insurance program compensate for a smaller harvest, the Financial Times reports.
Will farmers buy big ticket items, like tractors, on the heels of this summer's epic drought? CNBC's Jane Wells reports on how corn farmers are spending their money.
With $8 corn appearing to be the new normal, retail food prices are already rising. I asked a cattleman, two dairy farmers, a hog farmer and a couple of egg producers t how much corn is needed to feed a single animal over its lifespan, and how much product they get from that animal.
CNBC's Jane Wells reports how the rising cost of grains will impact food prices.
For Colorado, legalizing marijuana will be one of the most important political issues when the November election rolls around, reports CNBC's Brian Shactman.
Darling International chairman/CEO Randy Stuewe, discusses the severity of the Midwest drought, its impact on his business, and the three top risks to his company now.
Luke Chandler, Director of Agri Commodity Research at Rabobank talks about the supply-driven rally in grains. Jim Rogers of Roger Holdings weighs in.
Hayden Bairstow, Head of Australian Resources Research at CLSA says that it's unlikely that the supply-demand balance will turn in the commodities complex, unless China unleashes more stimulus.
Mark Sherry, owner and operator of the steakhouse "Old Homestead," in New York City, offers insight on how the Midwest drought is impacting the price of a good steak.
From marine shop owners to the folks running lake shore businesses, two years with below average rain fall shows the drought is impacting more than just farmers and ranchers in central Texas.
Karen Ward, senior global economist at HSBC, told CNBC, when we see a rise in commodity prices whether we should fear inflation or growth very much depends on the labour market. This time around it is growth that is going to take a hit.
Most farmworkers in California are not in the U.S. legally, and because the crackdown on immigration is working, the state is experiencing severe labor shortages at picking time. CNBC's Jane Wells reports.
Greater spending from the burgeoning emerging market middle class is one of those themes global and emerging market investors have clung to as developed market consumers and governments deleverage. But there’s a growing risk emerging market consumers could start pulling back as industrial commodity prices fall and higher food prices lighten consumers’ wallets.
Three big intertwined but rival agribusinesses — corn farmers, meat and poultry producers, and biofuel refineries — are in a political fight to protect their interests as a drought ravages corn producers and industrial consumers alike, the New York Times reports.
CNBC's Rick Santelli talks to Sen. Tom Coburn, (R-OK), about keeping farm relief fiscally responsible and reforming unbalanced subsidies.
Amid the worst drought in 50 years, there is money to be made in water, reports CNBC's Brian Shactman.
Jonathan Barratt, Founder, Barratt's Bulletin says the grain complex has some of the biggest opportunities as you can't control the weather.
Jim Bower, Bower Trading, discusses the impact the big Midwest drought is having on rice. "We think there is potentially there down the road in the rice market," he says.
A look at how the current drought compares to previous ones, with the Weather Channel's Julie Martin.