Drought may persist from California to Texas while improving slightly in the Great Plains as temperatures soar above normal across most of the U.S. from April through June, the Climate Prediction Center said.
Above-average rainfall is needed in the U.S. Midwest and Great Plains to replenish soil parched from last year’s drought and ensure adequate harvests, a climatologist with the National Drought Mitigation Center said.
Agriculture always has been a part of Chris Myers’ life. The founder of M6 Capital Management grew up on a 2,000-acre farm in Mississippi, where his family grew row crops and raised catfish.
Deere & Co. cut its full-year profit forecast as sales slow in Asia and Latin America, undermining the growth strategy at the world’s largest manufacturer of agricultural equipment.
