Parched

Drought conditions in the US continue to persist. Here is the latest drought forecast map from the NOAA: 

CBS News: - The United States is parched, with more than half of the lower 48 states experiencing moderate to extreme drought, according to a report released today (July 5).

Just under 56 percent of the contiguous United States is in drought conditions, the most extensive area in the 12-year history of the U.S. Drought Monitor. The previous drought records occurred on Aug. 26, 2003, when 54.79 percent of the lower 48 were in drought and on Sept 10, 2002, when drought extended across 54.63 percent of this area.

The Midwest in particular is getting hit hard, sending corn futures to yet another record yesterday. As discussed before, this is impacting agricultural commodity prices globally, with some nations expected to face food inflation. 


http://soberlook.com/2012/07/56-percent-of-united-states-in-drought.html