Drought

Drought To Trim India's 2013-14 Sugar Output Below Consumption

India's sugar production for the 2013-14 season is set to fall below consumption for the first time in four years.

U.S. Drought

While it's hard to predict if the drought will continue this year, one expert says the probability is very high that U.S. grain production in 2013 will be below normal.

Many U.S. ethanol plants have halted production over the past year, mostly because the drought has made it difficult to get locally produced corn. Most plan to restart, but it may not be until the 2013 corn crop is harvested.

Crop-friendly snowfall and some showers were moving across the U.S. Southwest Plains on Tuesday which will help but not eliminate the harmful impact on wheat production from the worst drought in over 50 years.