Investopedia: Will Hot Dry Weather Shrivel These Sectors?
Much has been made of the near-record corn planting this year in the U.S., and this activity has certainly been a boon to Monsanto (NYSE:MON) and presumably DuPont's (NYSE:DD)
Pioneer business as well. With this high level of planting activity,
analysts had assumed a bumper crop and easing input cost pressures on
the food sector. Unfortunately, planting is about the only part of the
process that farmers can control and hot, dry weather is starting to sap
the corn crop. Not only is this becoming a worrying scenario for
farmers, but also for a host of companies and industries that need a
healthy corn crop for their own prosperity.