Animated Drought Monitor – Last 12 Weeks
July 23, 2012 11:13 am
The drought is definitely getting worse. Now corn prices are close to a record and Soybeans hit a record just yesterday.
Ranchers are going outside the U.S. to buy their feed and food costs are rising. Watch out for restaurant stocks off of earnings.
The image below will cycle through 12 weeks of data and show how the drought conditions are becoming increasingly worse.