2Aug

U.S. expands emergency drought aid, Midwest bakes

By , August 2nd, 2012 | Market News | 0 Comments

More than 200 additional counties hit by the worst drought in the United States in decades were declared disaster areas on Wednesday as concerns about financial losses and soaring food prices stayed on the boil.

Triple-digit temperatures continued to roast crops and livestock in the U.S. Midwest and southern Plains, though forecasts for more scattered rains took some of the edge off grain markets after recent record highs.

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— CMEGroup

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