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FBN’s Jeff Flock breaks down the latest impact of the nationwide drought on commodity prices.
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Investors are watching this week's crop reports -- very closely for clues as to how badly the drought is getting because this kernel of corn that I have right my hand.
Is now worth 38 cents I'm -- it's not but it's just.
Skyrocketing when it comes to corn we'll talk about that and let Ed let's first get to Jeff Flock is that -- CME accounting many more than just single kernels of corn.
And you know what because.
You know that the current prices are -- which were never yes and -- it anymore but I want to show you how close CS and -- of your trip to the Olympics come around from the yet some people get all the way into the grains have come on Bob hurry up let's go into the green room.
As we do let's put up the price for corn to actually court was down most of the day but actually came up I began to finish almost even.
We'll look at that you may get -- -- she's on the phone look at that.
Fifty girlfriend distended Jeff and soybeans don't you just look like saying -- -- just running there that was very impressed.
Back -- -- what the heck yeah.
Forty cents down for soy beings did worse than.
I don't know someone -- -- -- there's out you know you've got a weaker dollar today but normally you might see expensive commodities on in the wake of -- so why -- these down -- -- in just a minute everybody seeing an impact from high food prices what.
