Kentucky Governor Andy Beshear says severe killed 18 in Kentucky from sever storm
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Yahoo
4 hours ago
- Yahoo
Corn and Soybeans Head for Weekly Losses as US Weather Stays Wet
(Bloomberg) -- Crop futures were on track for a weekly decline as weather outlooks called for more rain in the US Midwest, boosting yield prospects at a time when investors were already bearish. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Trump Administration Sues NYC Over Sanctuary City Policy A slow-moving cold front in the region Friday helped to bring cooler temperatures, according to the US Department of Agriculture's daily outlook. 'Heavy showers and thunderstorms along the front are maintaining favorable moisture supplies for corn and soybeans in the central Corn Belt,' the agency said. Heat earlier this week was linked to 'corn sweat,' when plants release moisture in the atmosphere that contribute to humidity. Over half the crop is throwing threads of silk as part of the yield-determining pollination process, while corn's national ratings of 74% 'good or excellent' are the best for this time of year since 2016. The favorable weather is keeping some investors on the sidelines, with light trading volumes on the Chicago exchange. 'Limited volume tells us that the market is comfortable with the current situation,' said StoneX risk management consultant Matt Campbell, adding that supplies are adequate and there's no need to change prices. Still, some buyers were taking advantage — the USDA reported daily export sales of both corn and soybeans to Mexico. In other markets, MIAX spring wheat futures were little changed one day after an annual crop tour found yield potential below USDA's estimate in North Dakota, the biggest grower. Burning Man Is Burning Through Cash Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
5 hours ago
- Bloomberg
Corn and Soybeans Head for Weekly Losses as US Weather Stays Wet
Crop futures were on track for a weekly decline as weather outlooks called for more rain in the US Midwest, boosting yield prospects at a time when investors were already bearish. A slow-moving cold front in the region Friday helped to bring cooler temperatures, according to the US Department of Agriculture's daily outlook. 'Heavy showers and thunderstorms along the front are maintaining favorable moisture supplies for corn and soybeans in the central Corn Belt,' the agency said.
New York Post
6 hours ago
- New York Post
At least five people rescued from New Mexico mountain village after massive floods hit the area
Another afternoon of heavy rainfall on Thursday prompted flash flooding in the mountain village of Ruidoso, forcing the closure of roads and the rescue of at least five people who were trapped by the rushing water. The southern New Mexico community has been reeling this summer, with afternoon thunderstorms bringing more rain than the surrounding mountainsides can handle. Past wildfires have stripped the hills of trees and vegetation, leaving the Ruidoso area vulnerable to repeated flooding. 3 Another afternoon of heavy rainfall on Thursday prompted flash flooding in the mountain village of Ruidoso. AP It was less than three weeks ago that massive flooding killed three people and damaged hundreds of homes, resulting in state and federal disaster declarations. On Thursday, residents shared videos on social media that showed walls of muddy water coursing down creeks and over roads, ripping apart a mobile home and toppling trees along the way. Authorities were blocking traffic to keep vehicles out of the water as onlookers watched from higher ground. Forecasters with the National Weather Service routinely have been issuing flash-flood watches and warnings as the summer rainy season is in full force. 3 On Thursday, residents shared videos on social media that showed walls of muddy water coursing down creeks and over roads, ripping apart a mobile home and toppling trees along the way. Justin Portwood via REUTERS 3 Flood watches also were issued Thursday for parts of northern New Mexico, according to reports. Justin Portwood via REUTERS They reported Thursday that one stretch of the Rio Ruidoso had risen to roughly 12.5 feet (3.81 meters) as a result of the burn-scar flooding. Flood watches also were issued Thursday for parts of northern New Mexico around burn scars left by the 2022 Calf Canyon Hermit's Peak blazes.
