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Though portions of South Australia, Victoria and New South Whales received some rain during May and June, those areas will need additional showers to recover from drought, according to DTN Meteorologist Joel Burgio.
The key food program headed by the United Nations wants major industrial countries to develop a grain reserve to help during times of high commodity prices.
Though DTN's hypothetical ethanol plant has been struggling with negative profit margins since January, two analysts who follow profitability closely said some doomsday scenarios may be premature.
Quote of the Day
"Recovering from failure is often easier than building from success."
Light rains will continue Friday in the Ohio Valley and northern Delta, with mostly dry weather in the rest of the main U.S. crop areas. The heart of the holiday weekend will feature rain pushing into the Southeast through the East Coast. » More DTN Weather Commentary
VeraSun Energy Corp. said in a news release today that Gordon Ommen has resigned as chairman of the board of directors for the Brookings, S.D.-based company, and will be succeeded by Duane Gilliam.
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