Author Topic: Wheat Rises as Worst Drought Since 1930s Dust Bowl Era Persists  (Read 666 times)

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Offline Letsbereal

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Wheat Rises as Worst Drought Since 1930s Dust Bowl Era Persists
« on: January 23, 2013, 03:22:11 pm »
Wheat Rises as Worst Drought Since 1930s Dust Bowl Era Persists
23 January 2013
, by Tony C. Dreibus (Bloomberg)
http://www.bloomberg.com/news/2013-01-23/wheat-rises-as-worst-drought-since-1930s-dust-bowl-era-persists.html

Excerpt:

Wheat futures rose for the second time in three sessions on renewed concern that the worst U.S. drought since the 1930s is eroding prospects for crops in the southern Great Plains.

- As much as 25% of the wheat crop may go unharvested this year

- The price gained 19% last year, the most among 24 commodities tracked by Standard & Poor’s GSCI Spot Index

- The U.S. is the world’s biggest wheat exporter

- The crop is the country’s fourth-largest, valued at $14.4 billion in 2011, behind corn, soybeans and hay, government data show
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