Insights and Stories of kt-arasu

Jul. 18, 2012 at 5:11 pm CDT

U.S. soybeans rallied to a record high Wednesday on fears that the worst drought in 56 years, which has devastated the corn crop, will now turn on soybeans as forecasts called for continued hot and dry weather. Corn extended gains to within striking distance of a record $8 per bushel, […]

By kt-arasu

Jul. 17, 2012 at 7:39 pm CDT

Corn futures ended flat on Tuesday as investors took profits after updated forecasts raised the chance of rain in the eastern U.S. Midwest, but an expanding drought in the world’s top grain exporter kept the market on a bullish track. Calls for upwards of an inch to 1-1/2 inches of […]

By kt-arasu

Jan. 30, 2012 at 6:20 pm CST

The U.S. cattle herd has shrunk for the fifth straight year to a 60-year low, a government report showed on Friday, as a devastating drought and record high feed costs hit production, which will likely mean even higher beef prices for consumers. One of the worst droughts since the Dust […]

By kt-arasu, Theopolis Waters

Jan. 26, 2012 at 12:00 pm CST

Texas rancher Jim Selman is on the verge of going out of the cattle business, a victim of one of the worst droughts since the Dust Bowl in the 1930s. The more than 300 cattle on his 3,000-acre ranch in Gonzales County have dwindled to a mere seven, as the […]

By kt-arasu, Theopolis Waters