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Sunday, July 15, 2012

USDA reports corn in 18 states hurt by drought

USDA reports corn in 18 states hurt by drought | Lubbock Online | Lubbock Avalanche-Journal

DES MOINES, Iowa — For months, Illinois farmer David Kellerman held out hope for rain, even as the worst drought in nearly 25 years spread across the country.  He finally gave up when the temperature hit 108 three days in a row. Corn won’t develop kernels if it gets too warm during pollination, and Kellerman knew the empty cobs in the fields where he works would never fill out. Just after the Fourth of July, he and the neighbor he farms with took an extraordinary step: They cut down the entire crop and baled the withered plants to use as hay for their cattle.

The Most Important Charts In The World

The Most Important Charts In The World - Business Insider

We reached out to some of the world's most influential analysts, economists, hedge-funders and traders and asked them a simple question: what charts are you always keeping your eye on?  Their responses were surprisingly varied, from slides that delved into S&P earnings, to another that broke down US demographics, and another that found new and improved ways to look at European borrowing, and much much more.

Currency Outlook and Positioning

Currency Outlook and Positioning - Business Insider

The euro staged a key reversal before the weekend. It made a new two year low and then proceeded to rally and closed above the previous day’s high. The last key reversal recorded in the euro took place after soft US jobs data on June 1 and began a three week advance. Yet this seemingly bullish development has not been confirmed by the other major currencies. Moreover, in the foreign currency rally on Friday, the euro’s relative performance put it in the middle of the G10 pack, gaining a modest 0.38%. Nor are the other technical studies generating bullish signals. To improve the technical tone, the euro needs to overcome resistance first in the $1.2260-90 band and then near $1.2330.
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