*Wheat firm on rain delays but world supplies cap gains. At the Chicago Board of Trade at 11:05 a.m. CDT, July soybeans were up 8-1/ 2 cents at $15.21 per bushel. The contract extended its premium over new-crop November soybeans, which rose 4 cents to $12.89- 1/ 2. Some soy processors in Iowa raised their cash bids for soybeans by 15 to 20 cents per bushel on Tuesday.» Read More
The recent dry weather affecting crops across the midwest of America will hit the reinsurance industry with perhaps the biggest loss ever, according to Nikolaus von Bomhard, Chairman at Munich Re.
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.
The spike in crop prices this year may be an early glimpse into a chronic food crisis that could unfold over the next forty years, says well-known money manager Jeremy Grantham.
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.
Christopher Narayanan, Head of Agricultural Commodities Research, Societe Generale says that there's no need for an ethanol mandate waiver as there is still sufficient inventories.
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.
The worst drought to hit the U.S. in 56 years may still be ongoing but Ric Spooner, Chief Market Analyst at CMC Markets says investors would we wise to look ahead to the next big one and consider it as a trading opportunity.
Luke Chandler, Global Head of Agri Commodity Markets Research, Rabobank says that grain prices will head higher in the coming months.
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.
Arjuna Mahendran, MD & Head Investment Strategy Asia at HSBC Private Bank says that central banks are still fearful of cutting rates due to the risk of high inflation.
A drought-fueled rally in soybeans, corn and wheat is raising fears of another round of food price inflation, posing an unwelcome complication for policymakers, particularly in emerging Asia, where higher consumer prices may hinder their ability to ease monetary policy.
With nearly two-thirds of the US enduring drought conditions, food prices are expected to jump ahead of the November election. That could add to voter anxieties about the economy, the Christian Science Monitor reports.
Both corn and soybean prices have slid from Monday’s record highs and should be considered a buying opportunity if this pull-back continues in the short term, Erin FitzPatrick, Commodity Analyst at Rabobank, told CNBC.
The USDA slashed projections of corn production by a larger than expected amount, now predicting an average yield of 146 bushels an acre. "My concern is we're underestimating the scope of the problem," says Gulke, who also advises farmers on risk management tools like futures with The Gulke Group.
CNBC's Rick Santelli discusses the play on the USDA's cut in yield projections for corn, soybeans, and wheat, with Frank Lesh, FuturePath Trading
CNBC's Jane Wells reports on the latest trades in corn and grain after a government report predicts significant cuts in yields.
A look at why commodity prices are skyrocketing as a result of this summer's drought, with Jason Roose, U.S. Commodities analyst.
Gaurav Sodhi, Resources Analyst at Intelligent Investor says the impact of Norway's labor dispute on the energy markets has shown the lack of excess capacity in global supply.