Views on commodities and energy
An interesting fact has emerged on the U.S. drought front that will be of interest to readers of this blog.
According to the U.S. Drought Monitor, as of last week about 78 percent of the country was “drought free” — the largest percentage since the monitor began tracking such trends over a decade ago.
“This is the most drought free that the country has been in the last 10 years,” said Brian Fuchs, a climatologist with the National Drought Mitigation Center at the University of Nebraska in Lincoln.
This state of affairs is partly explained by the emerging El Nino pattern and as always with weather and farming, the blessings have been mixed.