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
Andy Lipow, Lipow Oil Associates president, discusses how high corn prices has impacted gasoline prices. "Ethanol prices are up 30 percent in the last 3 months," he says.
President Obama addresses a grassroots event in Iowa and discusses the impact of the recent drought on farmers. He encourages Congress to pass the Farm Bill and make it into law.
Mohit Arora, Executive Director of J.D. Power Asia Pacific says that India assures a steady return in the long term even with significant fluctuations in the short term.
Earlier this week, crude oil bounced up $1 after a false Twitter rumor that Syria's president had been killed. Joe Weisenthal, Business Insider; Catherine Rampell, The New York Times; and CNBC's John Carney, discuss the Tweets you should trust.
Guy Pickard is a rancher in Kansas, and he discusses how the severe drought is impacting his crop. "Things are in kind of a dire situation," he says.
In the last 3 months, corn has soared 35 percent. CNBC's Jane Wells reports the details of the latest USDA report and Jim Iuorio, TJM Institutional Services, weighs in.
Where can investors find value in the"value meals" trade? David Palmer, UBS analyst, and Nicole Miller Regan, Piper Jaffray analyst, weigh in on the best way to play the restaurant space.
CNBC's Jane Wells reports the most recent crop report from the USDA gives a look at the extended impact of the Midwestern drought on hog farmers and cattle ranchers.
A look at the latest USDA report and how this summer's drought has impacted crop prices and production, with CNBC's Jane Wells.
Excessive heat in the Midwest is causing commodity prices to soar, as higher corn and soybean production costs hit consumers' wallets. A look at whether relief is on the horizon as hurricane season approaches, with Paul Walsh, Weather Channel.
For answers, Jim Cramer looks at the technicals.
Nothing drains the consumer's wallet like a rise in food prices, with Mad Money host Jim Cramer.
Should the government step in and help the agriculture industry during this season's record-setting drought? Gregory Page, Cargill CEO, and Jim Grant, Grant's Interest Rate Observer, weigh in.
CNBC's Bertha Coombs reports on the worsening condition of crops, and the severity of the U.S. drought.
Midwestern corn farmers are giving up on the crop, as the drought pushed prices to record highs this morning and the biggest monthly gain since 1988, with Weather Channel's Mike Siedel.
It's a tough time for farmers, as the worst draught in five decades continues to wreak havoc in the Midwest, with Craig Hill, Iowa Farm Bureau Federation chairman.
Will dwindling water supplies cause the next big blackout in America? Christine Tezak, Baird senior energy and environmental analyst, weighs in with the impact of the drought's effects on energy.
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.
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.
Rep. Peter Welch, (D-VT), explains why it's important to gain bipartisan support and bring the farm bill to the floor for a vote and bring assistance to farmers struggling from the drought.