http://www.bloomberg.com/news/2010-...ry-spell-may-hurt-crop-orange-juice-rises.htm
Cotton Extends Gain as Heat, Dry Spell May Hurt Crop; Orange Juice Rises
By Jennifer A. Johnson - Jul 29, 2010 12:52 PM PT Email Share
Business Exchange Twitter Delicious Digg Facebook LinkedIn Newsvine Propeller Yahoo! Buzz Print Cotton rose to the highest price this month on concern that hot, dry weather will damage U.S. crops in the Mississippi River Delta and Southeast. Orange-juice futures also rallied.
Temperatures across the Delta, the biggest U.S. growing region after Texas, were as much as 4 degrees Fahrenheit above normal in the past two weeks, said Kyle Tapley, a meteorologist at MDA EarthSat Weather Inc. in Rockville, Maryland. Rainfall was less than the average from Jackson, Mississippi, to Memphis, Tennessee, he said. The U.S. is the world’s top exporter.
“The cotton crop in the southeastern U.S. is melting,” said Keith Brown, the president of Keith Brown & Co., a brokerage in Moultrie, Georgia. “A few weeks ago, the crop was excellent, but God Almighty has turned off the faucets.”