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
Sen. Jerry Moran, (R-KS), tells CNBC's Rick Santelli how the drought situation in Kansas is impacting his state, plus he weighs in on holding regulators accountable for trading transgressions.
CNBC's Jane Wells reports that half the nation's corn crop is in poor or very poor condition, which could send corn prices trading in the double digits. Mike Hart, independent commodities trader, offers insight.
"Global population growth is 1.2 percent, and global food production needs to be about 1.3 percent to keep pace," says Tim Seymour, EmergingMoney.com, in discussing how the Midwest drought is impacting emerging markets.
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.
The Weather Channel's Todd Santos reports on the growing severity of the drought in the Midwest and how it is impacting America's farmlands.
CNBC's Brian Shactman reports on tonight's major news headlines, including the growing severity of the Midwest drought, and Microsoft's latest version of its Windows software, with Weather Channel's Paul Goodloe.
Dennis Gartman of The Gartman Letter, offers investment advice for corn and grain traders. "I think corn might still go higher," says Gartman.
Southern Company CEO Tom Fanning provides perspective on the terrible Midwest drought and national heat wave putting pressure on crops and utilities, and the possible rise in dividend rates.
The Weather Channel's Carl Parker reports on the worst drought in years, and the state of agriculture in the Midwest.
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.
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.
CNBC's Jackie DeAngelis and Jane Wells report on the agriculture department's response to widespread drought conditions, Merck's new osteoporosis drug, and the buyer of Edvard Munch's "The Scream."
Corn is selling off right now, since the USDA reported new drought procedures, reports CNBC's Eamon Javers.
CNBC's Seema Mody reports Groupon shares have hit an all-time low at $7.80/share and some investors are trying to unload the stock.
The summer drought is driving up commodity prices. CNBC's Jane Wells reports the latest data from the USDA on global supply and demand.
After the US baked in a searing heatwave and as Russia mourns the deaths of more than 100 flood victims, scientists have produced what they say is groundbreaking research linking climate change to recent extreme weather.
A look at why commodity prices are skyrocketing as a result of this summer's drought, with Jason Roose, U.S. Commodities analyst.
A look at the latest market moves from the trading floor, including the trade on corn prices, with Phillip Streible, RJO Futures.
The drought is driving corn prices higher, with CNBC's Rick Santelli, and Matthew Scharl, Genesis Research & Asset Management.
CNBC's Rick Santelli discusses the impact heat is having on U.S. corn crop; and Weather Channel's Paul Walsh discusses how the heat wave is impacting consumers.