A derecho damaged crops in South Dakota, Minnesota and Iowa.
A derecho damaged crops in South Dakota, Minnesota and Iowa.
Transcript
A heavy thunderstorm sparked a derecho over South Dakota, Minnesota and Iowa this week. Thousands of customers were without power Tuesday evening as downed trees littered the region. By week’s end power was restored.
The storm met the definition of a derecho, with a swath of damage of more than 240 miles and straight-line wind gusts over 58 miles per hour.
Thousands of acres of corn were flattened in South Dakota, Minnesota and Iowa as a result of the storm. While some will continue to grow, there will be lower yields and the crop will be difficult to harvest.
A small tornado struck suburban Cincinnati on Wednesday. 200 homes were damaged in the area, and 100,000 customers lost power.
That system’s heavy rain was little relief for most of the country, which saw the drought worsen in many states. Fifteen percent of the Midwest is now affected by drought, double the percentage a week ago. The western third of the country continues to experience extensive drought.
For Market to Market, I’m Peter Tubbs
Watch More
The White House adds detail to the new trade deal, while China dodges the details. The drought continues to hammer the south and west. We’ll look at the ticking clock facing the dairy industry. And, commodity market analysis with Sue Martin.
The White House announced this week that President Trump has secured “historic trade deals with China” after his visit last week with President Xi.
This week, the East Coast received an early blast of summer, with highs in Philadelphia reaching into the 90’s with the heatwave expected to continue through the weekend.
Sue Martin talks interest rates, oil, corn, soybeans, hogs, cattle and packing plants in our Market Plus.
Sue Martin discusses the latest trade deal with China along with corn, soybeans, cattle and hogs in our Market Analysis.
Agriculture gets sorted to the side during high-stakes negotiations with China. The yeas have it - E15 is approved in the House but not without some pushback. Revving up fans, drivers, and rural communities on the dirt track. And, commodity market analysis with Naomi Blohm.