Drought Threatens Farmland In Dakotas
- Western U.S. drought is worsening, spreading toward Dakotas.
- Drought could damage corn and soybean crop yields, reduce production.
- Drought driving up corn, soybean prices already elevated by Chinese demand.
- Water supply might be affected in some regions while raising electricity prices.
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Mexico Might Raise Rates
- Traders expect Mexico to have raised rates by 1% by this time next year.
- Mexico’s tourism sector could get substantial boost from U.S., Canada.
- Mexican peso has recovered most of its pandemic losses to U.S. dollar.
- Flat yield curve signals low expectations for Mexico’s near-term growth prospects.
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