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AMIR BILAL                                           Corn   Asia’s Corn Demand Seen Gaining as U.S.           Drought Curb...
AMIR BILALCommercial FarmsChina’s increased demand for corn is driven by the rising need for feed grain as the country’sba...
AMIR BILALCorn and soybeans rose for the first time in three days as an expanding drought in the U.S.Midwest increased the...
AMIR BILAL                         American farmer Steve Niedbalski shows his drought                         and heat str...
AMIR BILALChina is forecast to import 5 million tons from the US, the worlds biggest corn grower andexporter, in the marke...
AMIR BILAL"China already buys a significant amount of soybeans and other ag products from SouthAmerican countries and I wo...
AMIR BILALUSDA on Monday dropped its estimate for U.S. corn good-to-excellent condition rating to 40percent from the previ...
AMIR BILALAmerica declared a natural disaster in more than 1,000 drought-stricken counties in 26 states onThursday.It was ...
AMIR BILALThe heat also destroyed expectations of a bumper corn crop. American farmers planted morethan 96m acres of corn ...
AMIR BILALThe Department of Agriculture Drought MapThe Department of Agriculture has declared that 1,000 counties in 26 st...
AMIR BILALWe have seen the impact of this drought in the wildfires that have ravaged the western mountainstates. According...
AMIR BILALDevastation: Severe drought conditions plaguing more than half of the United States has createdthe largest natur...
AMIR BILALNearly two-thirds of the nine-state Midwest region was in some stage of droughtin the week ended July 10, up fro...
AMIR BILALAid: The USDA¿s designation provides federal financial help for farmers dealing with destroyedcropsThe most anom...
AMIR BILALThe deepening drought has dragged the yield potential of the developingsoybean crop and the pollinating corn cro...
AMIR BILALSuffering: The deepening drought has dragged the yield potential of the developing soybean cropand the pollinati...
AMIR BILALRain was expected to move across the Midwest over the next 10 days, includingparched southeastern areas, but cov...
AMIR BILALMidwest drought is severe or extreme in most of Missouri, Illinois and IndianaCentral Iowa from the Missouri to ...
AMIR BILALMore than half of Iowa’s soils are rated substandard for moisture by the USDA, compared tomore than 90 percent a...
AMIR BILAL“We have about a 40 to 50 percent chance going across much of the state,” Deitsch says.“Anything that falls will...
AMIR BILALST. LOUIS • Meteorologists say the St. Louis area is now under severe drought conditions, withfew signs of rain ...
AMIR BILAL“I have no good news on that front,” said Jon Carney, a meteorologist with the National WeatherService in Weldon...
AMIR BILALOffice # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore,                                ...
AMIR BILAL      Investment $50,000Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore,        ...
AMIR BILAL                   With one lot                 LOt size ………………………………………………5000 bu                 MargiN ………………...
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  1. 1. AMIR BILAL Corn Asia’s Corn Demand Seen Gaining as U.S. Drought Curbs ShipmentsOn July 13, 2012Increased demand for corn imports by Asian nations including China is set to strain global supplies justas drought in the U.S. reduces shipments from the world’s largest grower, according to RabobankInternational.China may import at least 8 million tons in 2012-2013 from about 5 million tons in 2011-2012,Jean Yves Chow, senior industry analyst, said in an interview yesterday. Japan may import 16million tons, up from 15.5 million tons, he said.Corn rallied to the highest level since September this week as hot weather across the Midwesthurt yields, prompting the U.S. Department of Agriculture to cut its projection for this year’sharvest by 12 percent. Goldman Sachs Group Inc. joined Citigroup Inc. and Credit Suisse GroupAG in boosting price forecasts.“We will see less export from the U.S., and it comes to a question where supplies will be fromamid strong demand from Asia,” Chow said. “China, which used to export corn to South Korea,will be importing almost as much as South Korea.”December-delivery corn rallied to $7.48 a bushel on July 11, the highest level since Sept. 13. Themost-active contract, which traded at $7.3775 at 11:11 a.m. in Bangkok, is poised for a fourthweekly gain as U.S. crop conditions deteriorated.Chow’s forecast for China’s corn imports is more bullish than that from the USDA, whichprojects shipments to the country at 5 million tons in 2012-2013, unchanged from last year.South Korea may import 8 million tons of corn in 2012-2013, while Japan may take 15.5 milliontons, according to the USDA. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  2. 2. AMIR BILALCommercial FarmsChina’s increased demand for corn is driven by the rising need for feed grain as the country’sbackyard farms are replaced by commercial farms that use about 50 percent to 55 percent of cornin their feed formula, Chow said.China will harvest a record 197.5 million tons of corn this year from 191.75 million tons in2011, according to the Food & Agriculture Organization. Still, even with the rising output,imports of cereals will increase, the Rome-based United Nations agency said in an e-mailedreport yesterday. China’s corn imports will climb 1 million tons to 6 million tons, it said.World grain output will be lower than expected a month ago as the worsening conditions in theU.S. hurt the outlook for the corn harvest, the FAO said on July 5. Farmers across the world willharvest 2.4 billion tons of all grains this year, less than the amount forecast on June 7, the FAOsaid. ‘Before the Drought’“Global supply-demand was tight even before the drought,” said Chow, who joined Rabobank in2007 and covers grains, animal-protein and food-processing markets. “We started the year with alow inventory base.”The USDA reduced its outlook for the U.S. corn harvest to 12.97 billion bushels (329.45 millionmetric tons) this year, from a June prediction of 14.79 billion bushels. The forecast for globaloutput was cut to 905.2 million tons, from 949.9 million tons last month, the USDA said. U.S.exports may total 40.6 million tons in 2012-2013, unchanged from 2011-2012.China’s corn imports may total 20 million tons by 2015, according to a forecast from OlamInternational Ltd. (OLAM), the Singapore-based commodity supplier, last October. Cofco Agri-Trading & Logistics Co., a unit of China’s biggest grain trader, said the same month thatshipments by 2020 may be as much as 20 million tons. Crop Prices Rally as Expanding U.S. Drought Cuts Harvest Outlook Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  3. 3. AMIR BILALCorn and soybeans rose for the first time in three days as an expanding drought in the U.S.Midwest increased the chances that yield losses will exceed government forecasts. Wheat alsorallied.Most of the Midwest will get less than 20 percent of normal rain in the next five days, andtemperatures will rise above 100 degrees Fahrenheit (35 degrees Celsius) in the four daysending July 18, according to T-storm Weather LLC. As much as 51 percent of the regiongot less than 25 percent of average rain in the past 14 days. The ratings of the corn andsoybean crops are the lowest since 1988, government data show.“The warmer temperatures will increase yield losses for corn and raise the risks for soybeans,”Ron Mortensen, the president of Advantage Ag Strategies Ltd. in Fort Dodge, Iowa, said in atelephone interview. “Soil moisture is empty, and you can see the crops declining daily. Cropswill get smaller without a dramatic increase in rain in the next two weeks.”Corn futures for December delivery advanced 4 percent to close at $7.3225 a bushel at 2 p.m. onthe Chicago Board of Trade. The price has jumped 44 percent since June 15, reaching $7.48yesterday, the highest for a most-active contract since Sept. 13.Soybean futures for November delivery rose 0.4 percent to $15.29 a bushel. Yesterday, theoilseed reached $15.75, the highest since July 2008.Wheat futures for September delivery gained 2.5 percent to $8.4675 a bushel, the third gain thisweek. Earlier, the price reached $8.58, the highest since April 2011.Yesterday, the U.S. Department of Agriculture cut its outlook for domestic corn output by 12percent, a month after predicting a record harvest. The U.S. soybean crop will be the smallest infour years, and global wheat production will be 1 percent less than forecast in June, the agencysaid.Corn is the biggest U.S. crop, valued at $76.5 billion in 2011, followed by soybeans at $35.8billion, government figures show. Wheat is the fourth-largest at $14.4 billion, behind hay. Wide-reaching drought stifles US corn yield Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  4. 4. AMIR BILAL American farmer Steve Niedbalski shows his drought and heat stricken corn in Illinois. Farmers in parts of the Midwest are dealing with the worst drought in nearly 25 years. Seth Perlman / APThe United States, reeling from a harsh Midwest drought, on Wednesday slashed its forecast forthe 2012-2013 corn crop, saying yields will be even worse than expected a month ago.Its unclear if major importers such as China will feel the impact through higher prices or tightersupplies of corn, soybeans and other US grains given expectations of reduced demand.China is the No 2 importer, after Japan, of US corn and the No 1 importer of US soybeans.The US Department of Agriculture reported that American farmers will harvest 12.97 billionbushels (329.5 million metric tons), down 12 percent from the departments prediction in June of14.79 billion bushels.Analysts surveyed by Bloomberg News had expected a corn yield of 13.53 billion on average.Inventories before the harvest in late summer and fall could be down by as much as 37 percentfrom what was forecast last month, the USDA said - to 1.183 billion bushels from 1.881 billionbushels.The worst US drought since 1988 stretches from Ohio to California. Though not as severe a dryspell as the one that ravaged the Southwest in 2011, this years drought affects more farmlandand eclipsed hopes of a record crop due to the mild, early planting season. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  5. 5. AMIR BILALChina is forecast to import 5 million tons from the US, the worlds biggest corn grower andexporter, in the marketing year that begins Sept 1, the USDA said. Thats down 2 million tonsfrom previous estimates.Prices of US corn futures jumped in early trading on Wednesdays grim news, but settled lowerthan the previous day as traders had already factored in the droughts impact. The price of cornfor July delivery fell by 10 cents, or 1.3 percent, to $7.50 per bushel on the Chicago Board ofTrade. Wednesdays settlement price for December-delivery corn was $7.04 per bushel, down 13cents, or 1.9 percent.Prices had rallied in the past week as Midwestern US states, known as the Corn Belt, were hit bya heat wave.As of July 8, about 40 percent of US corn, the worlds biggest supply, was in good or excellentcondition, the department said. Thats down from 48 percent a week earlier and from 77 percenton May 18.Also Wednesday, the USDA declared over 1,000 counties in 26 states, mostly in the Midwestand Southwest, natural-disaster areas due to the drought and wildfires. The declaration makesfarmers and ranchers in those counties eligible for low-interest government loans to get throughthe crises.In Indiana, one of the disaster-area states, exports of corn and soybeans are "likely to be greatlyreduced," Purdue University agricultural economics professor Chris Hurt told China Daily.In Minnesota, which instead of drought has benefited from ample rainfall this spring andsummer, state Agriculture Department market research director Su Ye said "the supply and priceof our agricultural exports to China will be stable".China is the single biggest market for Minnesotas farm exports, she said.Iowa, one of the biggest corn and soybean-producing states and not on the USDA disaster-declaration list, is still assessing potential price effects on its exports."Its too early to tell. China is a key trading partner for Iowa farmers and all US agriculture andfarmers are committed to continue to meeting the needs of our trading partners in China," saidDustin Van de Hoef, a spokesman for Iowas Department of Agriculture and Land Stewardship. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  6. 6. AMIR BILAL"China already buys a significant amount of soybeans and other ag products from SouthAmerican countries and I would expect that to continue," he said.Reuters) - Little relief from the near relentless drought plaguing corn and soybeans in the U.S.Midwest was indicated by fresh weather forecast maps on Thursday, with only minor amounts ofrain expected in some areas over the next week to 10 days, an agricultural meteorologist said."Theres not much change in the forecast. Some light rains are expected in the southeast Midwestinto the weekend and some showers in the eastern Dakotas," said John Dee, meteorologist withGlobal Weather Monitoring.Rainfall amounts from 0.30 to 0.80 inch were expected in the southeastern Midwest and in theDakotas, but virtually no rain was likely elsewhere, he said.High temperatures for the next week were forecast to hover in the upper 80s to low 90s degreesFahrenheit, he said."Overall its not as threatening as last week, but still no organized rain event so its still not agreat forecast," Dee said.There was a chance of rainfall later next week. "For the second half of next week there could besome rainfall of 0.30 to 0.80 inch with about 75 to 80 percent coverage of the Midwest," Deeforecast.The updated midday run of the U.S. weather model was drier than the previous one for the nextfew days, stretching from northern Missouri into northwestern Illinois and southern Wisconsin.The updated forecast removed about 0.25 inch of rain over the period from its previous run, saidDon Keeney, meteorologist for MDA EarthSat Weather."It shows a little bit of rain, but not to the extent that the model showed this morning, whichwould trend toward the European model. The European model has been quite dry in thosenorthwest areas," Keeney said.Forecasters said the U.S. model has been less accurate than the European model in recent weeks.Drought and heat in the U.S. led the U.S. Department of Agriculture (USDA) on Wednesday toslash its corn production forecast to 12.970 billion bushels from its previous outlook for 14.790billion and below the record crop of 13.1 billion bushels produced in 2009. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  7. 7. AMIR BILALUSDA on Monday dropped its estimate for U.S. corn good-to-excellent condition rating to 40percent from the previous 48 percent. Traders expected a further decline in conditions in theUSDA weekly crop progress report to be released this coming Monday.The agency pegged U.S. soybean conditions at 40 percent good-to-excellent, down from 45percent the previous week, and in its July crop report pegged 2012 U.S. soybean production at3.050 billion bushels, down from the previous forecast for 3.205 billion.The government will update its U.S. corn and soybean production forecasts in its next reportwhich will be released on August 10. Drought leads to declaration of natural disaster in 26 US statesDecision means farmers who have lost crops in more than 1,000 counties are eligible forassistance from governmentA tractor ploughs a corn field near Hondo, Texas. Natural disaster has been declared in many areasacross the southern United States. Photograph: Eric Gay/AP Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  8. 8. AMIR BILALAmerica declared a natural disaster in more than 1,000 drought-stricken counties in 26 states onThursday.It was the largest declaration of a national disaster and was intended to speed relief to about athird of the countrys farmers and ranchers who are suffering in drought conditions.The declaration from the US department of agriculture includes most of the south-west, whichhas been scorched by wildfires, parts of the midwestern corn belt, and the south-east.It was intended to free up funds for farmers whose crops have withered in extreme heatwaveconditions linked by scientists to climate change.According to the US drought monitor, 56% of the country is experiencing drought conditions –the most expansive drought in more than a decade.The agriculture secretary, Tom Vilsack, said the funds were intended to help farmers andranchers across the country who have lost crops to extreme heat or wildfires.The declaration will make affected ranchers and farmers eligible for low-interest loans and speedprocessing of disaster claims."Agriculture remains a bright spot in our nations economy," Vilsack said. "We need to becognisant of the fact that drought and weather conditions have severely impacted on farmersaround the country."The declaration covers counties in California, Oregon, Nevada, Utah, Arizona, New Mexico,Colorado, Nebraska, Wyoming, Kansas, Oklahoma, Texas, Louisiana, Arkansas, Missouri,Kentucky, Tennessee, Illinois, Indiana, Alabama, Mississippi, Georgia, South Carolina, Florida,Delaware and Hawaii. It does not include Iowa, the countrys biggest corn producer.The first six months of this year were the warmest on record, the National Oceanic andAtmospheric Administration said. Twenty-eight states east of the Rockies set temperaturerecords.Those record-breaking temperatures deepened drought conditions across much of the Americanwest, triggering an early and violent season of wildfires in Utah, Idaho, Colorado, Arizona andNew Mexico. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  9. 9. AMIR BILALThe heat also destroyed expectations of a bumper corn crop. American farmers planted morethan 96m acres of corn this year, the most in 75 years.The early spring got the crop off to a good start but , after Junes extreme heat, only 40% of thecrop was in good condition, according to USDA figures.From the midwest to the mid-Atlantic, meanwhile, there were triple digit temperatures, breakinghundreds of heat records. On Thursday, St Louis confirmed 18 deaths due to extreme heatconditions."The recent heat and dryness is catching up with us on a national scale," Michael Hayes, directorof the national drought mitigation centre said in a statement. Half of America in Drought CrisisOn July 12, 2012. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  10. 10. AMIR BILALThe Department of Agriculture Drought MapThe Department of Agriculture has declared that 1,000 counties in 26 states are natural disasterareas because of drought conditions. It is the largest natural disaster in American history,dwarfing even the famous Dustbowl of the 1930s.By making this declaration, the DoA has made it possible for farmers and ranchers to accessfederal assistance, including low-interest emergency loans for things like animal feed, loan andmortgage payments and buying seeds for the next planting season.Secretary of Agriculture Tom Vilsack said on Wednesday, “Agriculture remains a bright spot inour nation’s economy. We need to be cognizant of the fact that drought and weather conditionshave severely impacted farmers around the country.” Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  11. 11. AMIR BILALWe have seen the impact of this drought in the wildfires that have ravaged the western mountainstates. According to the U. S. Drought Monitor, 56% of America is in drought conditions and theNational Oceanic and Atmospheric Administration January through June of 2012 was “thewarmest first half of any year on record in the contiguous United States.” The averagetemperature was 52.9° Fahrenheit, 4.5° above the normal average. Record temperatures were setin 28 states east of the Rockies during that six months. Just in June, more than 170 temperaturerecords were broken or tied, with temperatures hitting 118° in Norton, Kansas, on June 28, and115° in Red Willow, Nebraska, on June 26. The last time temperatures in Nebraska were thathigh was 1932, the year of the first massive dust storms that presaged the Dust Bowl crisis oflater in the decade.It’s bad enough the United States is deep in the throes of the worst economic crisis since theGreat Depression. We really don’t need a repeat of the second major crisis of the 1930s. America burning: Drought devastating 26 states is the largest natural disaster in U.S. historySevere drought conditions plaguing more than half of the United States havedeveloped into the largest natural disaster in the country’s history.The United States Department of Agriculture declared natural disasters for 26states and more than 1,000 counties because of the extreme drought that hasdestroyed crops in farms throughout the nation.The USDA’s designation provides federal financial help for farmers during thetroubling time. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  12. 12. AMIR BILALDevastation: Severe drought conditions plaguing more than half of the United States has createdthe largest natural disaster in the country¿s historyThe declaration come as the worst drought in a quarter century tightened its gripon Midwestern states over the past week.Sweltering temperatures and scant rainfall punished corn and soybean cropsacross the region, a report from climate experts said on Thursday. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  13. 13. AMIR BILALNearly two-thirds of the nine-state Midwest region was in some stage of droughtin the week ended July 10, up from just over 50 per cent a week earlier,according to the Drought Monitor, a weekly report on drought throughout thecountry compiled by U.S. climate experts.A third of the region was in severe to exceptional drought, up from about aquarter of the region a week earlier, it said.Decision: The U.S. Department of Agriculture declared natural disasters for 26 states and morethan 1,000 counties because the extreme drought has destroyed crops in farms throughout thenation Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  14. 14. AMIR BILALAid: The USDA¿s designation provides federal financial help for farmers dealing with destroyedcropsThe most anomalous conditions covered the lower Ohio Valley, southern GreatLakes, and middle Mississippi Valley, where daily highs averaged 10 to 13degrees above normal. Additionally, these areas received scant rainfall if any,said Rich Tinker of the Climate Prediction Center.The worst conditions (D3 to D4) were assessed along and near the lower OhioRiver and in northeastern Indiana, where rainfall was 7 to 11 inches belownormal for the last 3 months, he said, referring to the top two categories ofdrought, extreme and exceptional. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  15. 15. AMIR BILALThe deepening drought has dragged the yield potential of the developingsoybean crop and the pollinating corn crop, which is in a growth stage when itswater needs are highest.On Wednesday, the U.S. Department of Agriculture slashed productionforecasts for both crops due to the drought, joining scores of private forecaststhat have sent grain prices to near-record highs.Damage: Sweltering temperatures and scant rainfall punished corn and soybean crops across theMidwestern region like this corn plant in an Iowa farm Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  16. 16. AMIR BILALSuffering: The deepening drought has dragged the yield potential of the developing soybean cropand the pollinating corn crop, which is in a growth stage when its water needs are highestThe whole of Iowa was classified as abnormally dry as of July 10 and 12.7 percent of the top corn and soybean producing state was in severe drought, up from0.8 percent the prior week.Harder-hit Illinois, the No. 2 corn and soy state, was 66.28 per cent under severedrought or worse, up from 40 per cent the previous week.Severe to exceptional drought covered 80.15 per cent of Indiana, versus 68.84per cent the prior week.Conditions in Missouri also deteriorated, with 82.54 per cent of the state insevere drought or worse, compared with 78.83 percent the week before. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  17. 17. AMIR BILALRain was expected to move across the Midwest over the next 10 days, includingparched southeastern areas, but coverage may be spotty, forecasters said onThursday. Heat wave widens Iowa droughtAll of Iowa now covered by drought or abnormally dry conditionsA week of 100 degree temperatures with scant rainfall has put all of Iowa in at least “abnormallydry,” conditions, and some part of eastern Iowa into the “severe drought category.’A week ago the two tiers of counties east of the Missouri River were rated adequate in moisture,and the severe drought was limited to a small sliver along the Missouri border.The Iowa weather forecast shows a potential for rain this weekend.The new map, issued by the U.S. Drought Monitor conducted by the U.S. Department ofAgriculture, the National Weather Service and the University of Nebraska, now shows all ofwestern Iowa at least abnormally dry. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  18. 18. AMIR BILALMidwest drought is severe or extreme in most of Missouri, Illinois and IndianaCentral Iowa from the Missouri to Minnesota borders is in moderate drought conditions toeastern Iowa in a triangle from just north of the Quad Cities to Dubuque and west to the CedarRapids area.The new map comes a day after the U.S. Department of Agriculture warned that this year’s corncrop will be 12 percent less than forecast in May, and that tight supplies and high prices arelikely to continue through the 2012 harvest and into next year.Map shows about three-fourths of U.S. is in dry or drought conditions this summer Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  19. 19. AMIR BILALMore than half of Iowa’s soils are rated substandard for moisture by the USDA, compared tomore than 90 percent adequacy last year.Those ratings are the result of below-average rainfall from July of last year through this June,which totaled 27.1 inches.That rainfall total followed four years of remarkably consistent July/June rainfall totals of 30.08in 2011; 30.06 in 2010; 30.09 in 2009 and 30.08 in 2008.The last similar July/June dry spell was 2005-06, with a 27.98 inches total. Iowa’s corn yield thatyear was 166 bushels per acre.The 1988 drought, considered the benchmark for modern droughts, saw a 12-month rainfall totalfrom July, 1987 to June of 1988 of 25.26 inches.Another modern standard for a drought wa19l76-77, which saw a midyear, 12-month rainfalltotal of 24.98 inches.While all of Iowa now is covered by abnormal dryness or drought, the situation in Missouri,Illinois and Indiana is even worse with significant portions of those important corn-producingstates listed as severe or extreme drought.The western half of Nebraska is now in severe drought and parts of western Kansas areexperiencing extreme drought, according to the updated map.The National Weather Service forecasts what it calls a “slight chance” of thunderstorms Fridayand Saturday, with temperatures returning to the mid-90s by Monday. Forecast shows little chance of turning around dry conditionsJuly 12, 2012Chances for relief from the drought conditions plaguing much of Iowa remain slim, but NationalWeather Service meteorologist Kevin Deitsch says showers and thunderstorms are possible latetonight into tomorrow. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  20. 20. AMIR BILAL“We have about a 40 to 50 percent chance going across much of the state,” Deitsch says.“Anything that falls will most likely be rather isolated and light, however there is an isolatedchance of a severe storm which would obviously drop a little bit heavier amounts of rain.” Aslight chance for showers and storms is forecast for Saturday as well. Temperatures, meanwhile,are expected to climb through the weekend.“We’re looking for highs in the low to mid 90s for the weekend and then approaching the mid90s for much of the state as we head into Monday and Tuesday,” Deitsch said. After Saturday,chances for rain drop off significantly.“Drought concerns are really going to ramp up here as we head into next week,” Deitsch said.The new U.S. Drought Monitor map, released this morning, shows all of Iowa is considered atleast “abnormally dry” – while parts of eastern Iowa are placed in the “severe drought” category. Drought deepens across St. Louis area Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  21. 21. AMIR BILALST. LOUIS • Meteorologists say the St. Louis area is now under severe drought conditions, withfew signs of rain in the forecast.This morning, the U.S. Drought Monitor upgraded drought conditions across the region to severefrom moderate, meaning that chances of losing crops and pastures are growing along with thethreat of fires.Meanwhile, meteorologists are calling for only slight chances of rain over the next week andhigh temperatures reaching the mid- to high-90s. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  22. 22. AMIR BILAL“I have no good news on that front,” said Jon Carney, a meteorologist with the National WeatherService in Weldon Spring. “It looks like it’s going to be hot and dry.”There is a 20 percent chance of rain over the next three days but Carney said any storms thatdevelop would be small, pop-up showers at best.“This isn’t even going to make a dent,” he said.While hot, the forecast doesn’t currently include more of the triple-digit heat that was blamed in18 deaths in the area over the past couple weeks.Carney said the St. Louis area is 9.1 degrees above the 30-year average temperature in July. Thelatest summer heatwave broke several record high temperatures June 28 through July 7. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  23. 23. AMIR BILALOffice # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  24. 24. AMIR BILAL Investment $50,000Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569
  25. 25. AMIR BILAL With one lot LOt size ………………………………………………5000 bu MargiN …………………………………………………..$2500 Per tick vaLue ……………………………………..$12.5 Per POiNt vaLue …………………………………………$50 Buying price …………………………………………..$5.20, 4.50 Selling price …………………………………………$10 AND MORE PrOfit …………………………………………………..$27,500Note; if corn prices get drop up to $0.00which is not possible, you can again buy corn at lowest level with one or two lots, which would be very good portfolio. Office # 201, 2nd floor Siddiq Trade Centre, 72 Main Boulevard, Gulberg, Lahore, Pakistan Cell#+92334105569

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