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Droughts

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  • Drought Sparks Battle Over Ethanol Quotas Friday, 17 Aug 2012 | 3:44 PM ET

    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.

  • Making Farming Sexy Wednesday, 15 Aug 2012 | 4:12 PM ET
    Cattle try to keep cool in the remains of a farm pond in a pasture heavily damaged by drought August 3, 2012 near Cuba, Illinois. Farmers in the Midwest and elsewhere continue to struggle after than half the counties in the United States have been designated disaster areas, mostly due to drought conditions throughout the Midwest.

    Is agriculture feeling a little down on the farm? End of the world coming with this drought? Clearly the gloom and doomers haven't met the Peterson Farm Brothers.

  • Who’s Benefiting From the Drought? Wednesday, 15 Aug 2012 | 1:29 PM ET
    Jeremy Tilton fills a water tank for cattle in a pasture August 3, 2012 near Cuba, Illinois.

    While wreaking havoc on grain crops, the worst U.S. drought in a half century is providing opportunities for companies that provide and pump the most precious of commodities — water. While the drought is testing farmers and food producers, the volatility in weather patterns is giving water companies new revenue sources, as they provide solutions to the environmental challenges.

  • Sen. Johanns: The Resiliency to Feed the World Wednesday, 15 Aug 2012 | 1:06 PM ET
    Crop Failure due to Drought

    Action in Washington, combined with the ongoing efforts by our agricultural experts to mitigate the effects of this drought will ensure that agriculture remains a strong pillar of the U.S. economy that provides good jobs and feeds the world.

  • So Far So Good on Drought’s Impact: Annie’s CEO Wednesday, 15 Aug 2012 | 12:26 PM ET
    Annies Mac and Cheese

    A drought that has ravaged U.S. crops and sent key commodity prices surging has yet to take a toll on Annie’s pricing or its bottom line, the CEO told CNBC in an interview Wednesday.

  • Marijuana: The Drought-Tolerant Plant Wednesday, 15 Aug 2012 | 12:07 PM ET
    Pot Plant

    There is apparently one plant that can thrive in the worst drought in half a century. Marijuana.

  • Drought Aid for Farmers Runs Dry in Washington Wednesday, 15 Aug 2012 | 11:40 AM ET
    US President Barack Obama (2nd R) inpects drought stricken corn with US Secretary of Agriculture Tom Vilsack (R) and farmer Don McIntosh (C) and his brothers on the McIntosh farm in Missouri Valley, Iowa, on August 13, 2012.

    While the federal government is spending more on meat and fish, a relief package and a massive farm bill are still mired in Congress and unlikely to move before the presidential election.

  • Ag. Secretary: We Promise to Help Drought-Stricken Wednesday, 15 Aug 2012 | 10:01 AM ET
    Marion Kujawa looks over an ear of corn picked from one of his fields on July 16, 2012 near Ashley, Illinois. The field from which the corn was picked has yielded more than 180 bushels of corn per acre in past years, Kujawa expects to get less than 15 bushels per acre from this year’s drought-damaged crop.

    As drought continues to affect most of the country, our thoughts and prayers are with the thousands of farm families who have been affected by this disaster. Today, USDA’s focus remains on doing all we can to support farm and ranch families in an uncertain time.

  • Sen. Moran: Kansas Farmers Await  Washington Action Wednesday, 15 Aug 2012 | 9:50 AM ET
    Westfahl Family

    Back home in Kansas we are spending our time looking up to the sky, praying and hoping for rain. Our state, along with much of the country, is suffering from a very serious drought. Crops are dying, cattle are hungry and being sold off, and water is in scarce supply.

  • 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.

  • How High Could Corn, Soybean Prices Go? Tuesday, 31 Jul 2012 | 6:53 PM ET

    For answers, Jim Cramer looks at the technicals.

  • As the world’s largest importer of American agricultural products, China stands to get walloped by the drought that is ravaging US croplands. Globalpost reports.

  • 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.

  • Trading the Worst Drought in 50 Years Tuesday, 24 Jul 2012 | 6:34 PM ET

    With large portions of the nation’s corn crop faltering, Cramer thinks investors should consider this stock.

  • 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.

  • Worst Midwest Drought Since 1956     Tuesday, 17 Jul 2012 | 5:30 PM ET

    Dennis Gartman of The Gartman Letter, offers investment advice for corn and grain traders. "I think corn might still go higher," says Gartman.

  • Dust Bowl 2012: Midwest Suffers     Tuesday, 17 Jul 2012 | 1:39 PM ET

    The Weather Channel's Carl Parker reports on the worst drought in years, and the state of agriculture in the Midwest.

  • Commodity Check: Corn & Nat Gas     Monday, 16 Jul 2012 | 5:48 PM ET

    The price of grains continues its rise on prolonged drought worries, and Mike Harris of Campbell & Company, checks the charts for an investment opportunity. Amelia Bourdeau of Wespac, discusses whether the euro has hit bottom.

  • Protein Shortage Ahead?     Thursday, 12 Jul 2012 | 5:40 PM ET

    Carl Icahn upped his stake in Navistar, with the Fast Money traders; and Barclays and Goldman Sachs are increasing their price forecast for grain futures as corn continues to rally, with Jim Bower, Bower Trading. "If this weather stays inflammatory, and we keep dropping this yield down on soybeans, we could be faced with a protein shortage worldwide in the months to come," says Bower.