then in the western corn belt, the same phenomenon taking place where we thought we had some corn ( -left-paren ethanol plants have been paying basis levels that we've never seen. >> so the bottom line is we are actually sure on this near crop corn? >> well, you have those two dynamics. you have one of the earliest crop planted and it's going to come online but it won't satisfy logistically, whatever comes from the southeast with adults saddam era, they cut that out and all the weakest growing down there also. that is going to be a very dicey situation there. we have options expiring next week and a lot of times if we do anything we let them expire before we do anything, but i think july corn, it will come into the delivery process and it could do just about anything. don't be surprised, it could put on a dollar here in the right conditions. >> no kidding. i think we've witnessed historic volatility in terms of this old crop and new crop. and it's great highlighted a moment ago, the combination of the expiration of the dry options, and there are lots of things come into play at once.

not good news for most of the corn belt. in fact we are looking at potential development of drought conditions in parts of south dakota, nebraska, iowa as well. the only areas where we are expecting to see continued relief is down in to the southeast, florida, parts of georgia and you have seen to much rain there as well. some more of that green where it's likely to improve in parts of the southwest. let's take a look at what the week ahead has in store. as far as the jet stream we do see a change in the jet stream. we will see a dip and bringing much cooler air in to the northeast and part of the united states. it'll still be warm in much of the nation's midsection but a big cooldown while it stays warm in the west at least through the weekend. let's take a look at the map. we will see a cold front come through that should bring a little bit of rain as we get through sunday and then affecting aparts of the northeast into monday and then a stationary front brings more rain to the plains out west. into wednesday, we will see

and corn prices are cyclical.ut when prices moved lower that's real opportunity for their demand base to grow and we have u!that trough of prices in the late 90's through the mid- two thousands when it developed an ethanol industry and livestock expanded and was all positive things coming out of that. we saw three or four years of demand driven markets. but it's cyclical. it will come back. >> we see corn prices go down, let's see if they to 350 or 355. >>> you might be looking at us the price of $4.50 or $5. just because we are talking lower price doesn't mean it >> meteorologist mike hoffman. we'll check the latest drought monitor and reduce the parts about these florida and southeast georgia improve over the drought but you will notice parts in the extreme or exceptional drought. some areas didn't get quite as much rain as others despite the tropical moisture from beryl that we saw. we are seeing pockets into the hills of missouri and parts of northern indiana, a few spots in iowa, and into the northern plains.

corn showing stress, he is even seen a few beans wilting up. and in western fresno california cotton looks great and is scaring. a farmer said he will start cutting wheat this coming week. >>> when we return al joins us to talk markets. it all gets going in just two minutes. please stay with us. . >>> our guests this week, greg wagner, and tom and the market was really active this week and i guess one of the thing its i like to ask you first because i know with tom he told me what's been going on but how about the quickness in trade with the additional hours? did that make a difference? >> it's just -- it takes an adjustment. adjust member period but the market is obviously trader's respond to that. gets everybody more opportunity, more time, whether or not increases volatility i don't buy into it. i think it's by providing a larger window, any time you -- any time you compress trading time get a three day weekend. you only have four days to trade. you have to -- after a three day weekend, guarantee tuesday, increase volatility. increasing the

corn.hat is why the volatility is so high because if for some reason we get drenching rain in the eastern corn belt, that would send us 50 cents lower, easily. >> reporter: grain analyst shawn mccambridge says fears of rising corn prices have already spread beyond the trading pits. >> there's a lot of pencil pushing in the marketplace in all sectors of use seeing how it will impact different sectors of the market, whether it's processing, livestock, ethanol production. >> reporter: neubauer says his crop needs rain before pollination and that's about two weeks away. still he thinks he's already lost part of his crop. >> i got to think we'll be reduced 10 to 20% at this point given the forecast that's in front of us. this was the biggest crop planted circumstances the 1930s,. are we now having to worry about supply? is the crop being damaged that much? >> the usda isn't saying there are any supply issues, but some traders i talked to yesterday are concerned that there could be supply issues.

corn sugar after the ruling the corn refiners association issued a statement saying in part that the vast majority of american consumers are confused by high fructose corn syrup so i think it's time for a little reminder on just what this stuff really is so we can clear up the confusion i felt this corn syrup as a calorie providing sweetener used to sweeten foods and beverages mostly processed and store bought foods it's produced through an enzymatic process from glucose syrup derived from corn is first introduced to america in the one nine hundred seventy s. and that's about the time the waistlines in america started to grow despite arguments from the corn refiners association the contrary i for corn syrup is metabolize differently in the body than normal table sugar and that can cause problems in health issues. has been proven to contribute to over to me to weight gain and obesity but that's just the beginning of a heavy flow of dose into the liver the organ responsible for metabolizing it disturbs glucose metabolism and leads to other metabolic disturbances that promote insulin re

it's going to potentially drive corn prices up. where do the shares go in a rising corn market? up. those scenarios lead to upward movement. some of the movement is bigger than others but it's upward movement with a small chance of it going much downward. that would only be in a case if this crop fully recovers as we move day to day with no rain. the current forecast is not for much rain over the next few days at least. >> let me ask you something. i read your piece and you say a little ways down the road some additional capacity for various companies for potential competition coming on the market. how far in advance of the new production coming online? >> you probably see -- have already begun to see some of it in the marketplace already. the night generalnitrogen stuff disconnection between supply and demand. in the near term it's really going to be much more focused on corn. long term the supply demand will have an impact on this thing and over time trend down but in between there will be plenty of volatility. . >> just a bottom line in here, charles had the biggest rating upgrad

we're gonna go pick some corn? >> yeah, we're gonna pick corn. >> this year, he harvested 87,000 bushels of corn with his 300-horsepower combine that he runs hands-free off gps. you're like a kid, you know, that can ride his bike without his hands, right? >> it's a big toy. >> it's a big toy. >> but it's expensive. >> but with corn prices soaring, he can afford it. and incidentally, even a farmer named buffett can get farm subsidies. howard received $300,000 in federal payments over 13 years. here's something you said once. here's a quote: "it seemed nothing i could do would be as successful as what he did," meaning dad. >> that comment would mean that in the world's eyes, you know, i would never be seen in the same success as he would, particularly in investing and in business. that's okay. i mean, you know, and my mom and dad always made it clear that that was okay. >> there's no sense in trying to compete with me, because he's not gonna play my game. he should have his own game. grain shipments were down a lot l

kettle corn. do they have kettle corn. they used to but never came back. i asked could i try it. my wife laughed at me. i just like doing it. seeing the people, i like it. to see their expression when they eat this, i like doing it and will continue to do it no matter what. if i can retire doing it, i'm on eye like working for myself. i like working outside all the time. every day there's something different. you can get unexpected things every now and then, whether it's good or bad. it's not the regular 9 to 5 job. i tried that already and didn't like it. >> something that allows me to express my creativity. basically all of the food you taste is my personal ti. it started in my grandma's kitchen. this is like -- it has navy beans in it. you can show who you are. it's your expression to the world. you learn that through your food. >> okay. if you're not hungry after that, something is wrong with you. >> the farmers market is opened every tuesday from 10:30 a.m. to 2:30 p.m. wyatt? >>> kelly, i like that kettle corn. you could take a bag of pop corn and throw it on some asphalt.

dog time. >> reporter: oh, it is corn dog time. you know, i'm going to save that corn dog, and we're going to taste some of it live here on the air. it may be cold outside, but that forecast, it's trying to heat up. we'll let you know how hot it's going to get coming up out here at the alameda county fair, celebrating 100 years, in just a few minutes. looking great. >> coming up in sports, the a's warmed up for the bay bridge series. three-game set with the dodgers. this afternoon's finale was a pitching duel between the cy young award winner and man making his 13th career start. we have the highlights from a coming up nextatin ne in sports [ female announcer ] itchy, irritated skin? try new cortizone-10 quick shot. fast relief with the strongest, nonprescription itch medicine in a no-mess spray. cortizone-10 quick shot. >>> they didn't like the way facebook used their personal information. now the company is planning some changes. we've learned the company will soon allow members to control the personal information that can be use

the corn is just for our own needs. >> there is no sign of verification on the field.ple rely on the rain and the cloud forests. callants accumulate on the mountain slopes, triggering precipitation. the rainfall was much heavier than in the lowland's, -- lowlands, leading to a moist ecosystem in which plenty of species thrive. the cloud forests are shrinking and agriculture is taking over the land. but where is. he supports the -- that is what worries the supporter to protect the area. >> it is not just about controls, but about creating new and innovative incentives, and developing projects with the people where they can, of course, use the land and where it is not threatening. >> he is on a team from the german development organization. they are visiting the protected area to talk to locals and listen to their problems. this farmer is talking about how pomegranates and avocado used to grow in the region, but they say it does not grow there anymore. the cutting of forests to make way for new fields as changed the soil. it does become dry. that could prove to be danger

we're going to go pick corn?eah, we're going to pick corn. >> stahl: this year, he harvested 87,000 bushels of corn with his 300-horsepower combine that he runs hands-free off g.p.s. you're like a kid, you know, who can ride his bike without his hands, right? >> buffett: it's a big toy. >> stahl: it's a big toy... >> buffett: but it's expensive. >> stahl: but with corn prices soaring, he can afford it. and, incidentally, even a farmer named buffett can get farm subsidies. howard received $300,000 in federal payments over 13 years. here's something you said once. this is a quote. "it seemed nothing i could do would be as successful as what he did," meaning dad. >> buffett: that comment would mean that, in the world's eyes, you know, i would never be seen in the same success as he would, particularly in investing and in business. that's okay. and i mean, you know... and my mom and dad always made it clear that that was okay. >> warren buffett: there's no sense in trying to compete with me because he's not going to

agent orange corn. the group vietnam veterans of america is stirring the pot. last month, it wrote president obama, urging him to look at how increased use of 24d might affect people. dow says it's safe for people and no herbicide has been more extensively studied. so far, federal regulators agree. in april, the epa rejected an environmentalist petition to pull 24d from the market, and federal approval of enlist corn is pending. most experts agree, the primary human damage from agent orange came from a different igredient. dow says the comparison and the nickname are simply scare tactics that the new 24d is fundamentally different than the one used in vietnam. meantime, handy says he just wants solutions. farming has long been equal parts elbow grease and chemistry. >> it's a lot easier for the chemicals and the chemistry these people have produced for us. >> reporter: for "cbs this morning," sharyl attkisson, delaware. >> the battle over chemicals and genetically modified foods is also being fought in

one acre for corn for the livestock. for the most valuable thing they had was the livestock and they built a cabin always the same working in teams of people and the logs of the same diameter and length dove tailed. one and a half story cabin, at first. a loft for the people in the winter and downstairs for the livestock who brought them into the house who had no problem with enough heat. by the second year you attached a shed or built a separate barn. that's how a community grew, slowly, but in the same way. we have an idea of frontiers people going off on their own. it's not true. we have a communal frontier. communities moved and that would be the pattern all across the country. the other thing that became a pattern across the country was what they did to the landscape when they settled into a community. basically, they cut down the hardwoods. there was a hardwood forest from cape reton highlands of nova scotia to minnesota when the first americans, immigrants arrived and that would be eventually flattened, cut down a

corn on the grill with all oil and salt and pepper.t is a beautiful thing. >> greeting your food to let you know what you are eating is safe. a bay area county putting a color coding system in place. the big hollywood news. this one affected you. yet tom cruise and kb homes, they did not make it to the seven year itch. this a list couple filing for divorce after five and a half years of marriage. according to people magazine her attorney calls it a " personal and private matter for katie and her family ". and she is most concerned with her daughter's best interest. the marriage was her first, it was the third four tom cruise. their only child together is now six years old. >> were you shocked? >> i was a little shocked, a lot of people saw this coming and thought it should have happened a long time ago. but five years is a long time in hollywood? that will do it for the cbs 5 news at,,

this simply grilled corn. >> kind of like mexican corn. >> like mexican street corn.: toyota concert series on "today" brought to you by toyota. >> still to come kathie lee and hoda reinvent their lives. what, did they stop drinking? >> before that one more song from kenny chesney. >> one more song from like a fish bowl, feel like a rock star. >> put your hands up. are we still feeling good out there this morning? ♪ ♪ ♪ ♪ ♪ ♪ do you kick the dirt or work a vegas stop do you hit the strip or roll a country mile ♪ ♪ do you wear uptight or keep it loose do you leave it in the truck or take it in your boot ♪ ♪ whatever makes you feel like a rock star ♪ ♪ yeah you can kick it back chillin' a rock star ♪ ♪ you busted your ass all week and now it's time to be whatever you want to be dress to kill, seal the deal whatever makes you feel ♪ ♪ like a rock star ♪ now whether you're pumped up hangin' in the vip or way up high in the cheapest seat hey pretty mama, if you roll with me there will be diamonds in the sky and the radio screen ♪ ♪ whatever makes you feel like a rock star

still with us are david corn, joe williams, and crystal ball.i don't mean to sound dismissive, but is it really hard for mitt romney to get his head around the idea that women should be paid an equal amount or equal labor or is that simply a socialist mythology that's being imported from europe? >> well, i think i'd bet you $10,000 that he doesn't mention this particular piece of legislation when he talks in texas. you know, mitt romney said this publicly, that he's in favor of equal pay for men and women. now, the issue though is whether you want to do anything about it. that's really the issue here. it's very easy to say you favor this. mitt romney has spent much of his life in male-dominated arenas where there was high finance or the higher ranks of the mormon church where only men were allowed to be part of the professional -- >> the priesthood. >> the priesthood. and so you can decide for yourself whether that has any impact on how he sees women, but the bottom line here is if he thinks there's something wrong with this bill or with the lil

paul helped me make our corn waffles. >> what make it is a corn waffle? >> it's a corn meal.ery special recipe i can't share with everyone. however, if we -- we have an apple cider syrup that goes with that. it's almost like a corn bread. you can do it with poe derred sugar, butter. you can eat it by itself with chicken. >> you've been in business for a year. how is business? >> business is actually doing extremely well right now. we've been transitioning from we have a day to day operation and also the catering. so it's been growing. >> again if you want to order for father's day, you can still do it. today is the last day. >> today is the last day. >> you can make the order in time for a father's day. we have information for you about that on our website wusa9.com. and i can tell you later on in the show, we're going to do a taste test. right now let's go back to jess who's already come in to check things out. >> i can't wait for the taste test. in the meantime, we've been combing through the day's daily deals, e-mails and retailer websites to find you deep discounts. try i

not only to take the corn holderrers, corn stalks, leaves, corn cobs and turn that into cellulosic ethanol. but also to take the by-product of some of the vegetables and some of the plants we're raising to create carpeting. as attractive as the carpeting here in this chamber. to create clothing. one of the great growth businesses for dupont at least is using plant life to create carpets. not to have to depend on petroleum to be able to do that. it's very exciting. it reduces our dependence on oil, particularly on foreign oil. but -- and it also creates new jobs in communities across our country, including my state and i suspect including minnesota where our presiding officer is from. another key investment this bill continues, although at a somewhat reduce the federal level from what we saw in the 2008 farm bill is the bill's agriculture bill investment in conservation. conservation and the preservation of agriculture lands are key to the future in every state but especially important to a little state like delaware. these conservation investments are particularly critical to regions like

. >> we subsidize corn over anything, and that makes it cheaper than sugar or anything really to sweetenp these drinks. >> we also subsidize sugar. >> but not to the same extent because something like 90% of our processed food products contain corn. so we're already on one level already engaged in this type of micro managing of our food we're just doing it in a way that in some ways poisons kids. >> i'm not adverse to the motion where we want to get kids -- obesity is a problem, and laids to heart disease and all of the things we know about. if you are sitting down and saying i want to deal with obesity, is this where you start? >> no i would like to see bloomberg put more money into schools and have health classes, have more gym class. this is as far as i'm concerned, the best benefit of this is this conversation, but the way people are talk about this if you a black teenager in this city the chances of you getting stopped and frisked is somewhere around 110% if you are walking around on the streets, so there are much bigger issues. >> efficacy is issue number one to me. the nanny state

in washington, richard wolfe and david corn. then we have jonathan altar. richard, does mitt romney believe we are all imbeciles? the report suggesting that 92% of jobs lost were held by women. one report was closer to 56%. that 40% is mostly the value of people's homes. >> yes, i recall at one point he pretended he was in the middle class as well. it is true. he really did. you can fool all of the people some of the time. actually a little bit perplexed here by what romney has done. he is clueless or playing clueless on tv. his position here as someone who knows about the private sector, his position on the recent swings we have seen. the boom and the bust, leads you to one conclusion. we have been through the three bubbles. internet bubble and housing bubble and economy bubble. it has taken the middle class to a point they have not been to a long time. to suggest that is down to the last two or three years or to suggest that any president could change it around in two or three years is something that has gone on for two decades is -- well that is absurd.

david corn, peggy noonan took romney to task for his pandering speeches. writes applause line speeches are not right for a time of crisis because they do not allow for a development of a thought, a point of view and insight. people like to listen if you're saying something interesting. now, i can tell you, my staff and i have to watch mitt romney every day. and aside from the fact that we could market his speeches as a cure for insomnia, we're growing desperate for him to say something interesting. don't voters feel the same? >> first off, congratulations on moving to the cocktail hour. it's a great step up here. >> thank you very much. >> i don't know why you insist that mitt romney intervene in political and policy debates in this country just because he's running for president. he's under no obligation to say anything about anything. other than that he likes freedom. it's brought him very far so far. and he's very close to the president. so there is, there's no incentive for him to go out there and say again and again, for instance, i think we should de

these sites were just covered with corn cobs where we'd go in and find a cache of corn cobs about 4 feet deep and 12 feet long, thousands and thousands of corn cobs and woven material all over the place, pieces of basketry, pieces of their sandals. this place is very well preserved. i mean a lot of this stuff is obviously worn, but it's been sitting there for 500 years. and what i found there that was very specific to anastazi were t-shaped doorways. you can see a large t-shape here. this is a very specific symbol that you see in chaco canyon and you see in mesa verde. there are certain sites where they are finding t-shaped alters where pieces of stone about this size had been cut into t's and are standing up inside of rooms just covered with objects, with necklaces. so the shape obviously had some meaning. but it is a clear anastazi shape. it is a clear shape from the colorado plateau. we do see it in calinke, you see it in certain incan sites in south america. so it might be a pan american feature. i'm not sure what it is. some hopi people have told me that the t, the bottom of the t,

some scrambled eggs. >> get in there, guys. >> can you use flour or corn?ed corn salad. you can almost just put that on your tacos. charred corn, tomatoes, lime, onions. i love it. super light and delicious. >> when? >> coming on saturday y'all. >> we're excited. >> good luck. >> happy father's day. >> thank you very much. >> coming up still this morning, ivillages hottest dies. >> coming up after local news and weather. can you pass the taking. >> down here. guys, i'm home! sara lee one hundred percent whole wheat bread. with thirteen grams of whole grain in every slice, and delicious taste in every last bite. sara lee. so good, it's gone. there's birth control you don't have to think about taking every day or even every year. i'm painting my arms. i want another child, but not for a while. it's mirena, a small intrauterine contraceptive that's over 99% effective at preventing pregnancy for as long as you want, for up to five years. then again, i'm not sure i want to wait. don't use mirena if you have a pelvic infection, get infections easily or have certa

the reason i'm bringing that up, there's a lot of concerns right now for the corn crop out there. the corn crop needs a little bit of rain to, you know, help the process of the germination and right now that hasn't happened. we'll wait and see how that all plays out with the corn prices and food prices later on this summer. as far as the heat in the northeast goes, heat advisories are issues, also heat warnings around philadelphia. everywhere in the yellow, up i-95 all the big cities we have heat advisories. right now it's already a warm morning. much warmer than what we dealt with yesterday. we're already at 75 in d.c. and now that the sun is going to start going to work, these temperatures are going to skyrocket during the day today. how hot will it get? predicting 100 for hartford, connecticut, today. i mean this is just a huge shock. we haven't had 90 degree days up in new england. 98 for boston, 96 philadelphia. as we look at the rest kfts untry one more hot day for you in chicago and then thunderstorms in the northern plains, lynn. that will cool everyone off. about a three-

switching gears, let's talk about corn. corn is at the highest number for years. it's the hot and dry midwest weather damaging that corn crop. the corn and so i bean conditions are the worst in 24 years. the last time we saw them this bad was for a bad drought. the higher grain prices lift shares of fertilizer names. a fall in production this year could mean higher demand for crop nutrients next season. also fertilizer companies are said to they should be able to increase their dividends. that's what's going on in today's trade, going on. >> you can take the girl off the farm, but she never left the heartland. the market is headed higher, we're back close to the highs of the session as we go into the unpredictable final hour of trade. >> stick around, you don't want to miss what's coming up on the closing well. >> zynga unleashing several new social network games. it will help the company diversify away from the reliance on facebook? we want to know which stock would you rather bid on right now? zynga or facebook? tweet us at cnbc "closing bell." and shares rallyi

corn ratings are down.at seems to be when it happens is over the weekend. >> real quickly. i had dirt that i back filled some new construction 12 years ago, 15 years ago. and it came from a farm. and i'm not kidding, those soy beans come up almost every year. i don't know how they keep coming up. they are like a weed, resilient. but let's go to the corn. the amount of sugar content, all of that, gets so negatively affected if over the next three weeks we don't get a lot of rain. is there any way it'll come back? >> with rain. we need rain. >> that's it. north dakota, there are places in the country that aren't experiences this. in other words, do you think we had more rain in the next two weeks, do you think we would see a big drop off in the price in the future? >> i don't know if there would be a big drop-off. we would have to see the range in the areas where it is pollinating. so in north dakota, that is great for my crop up there. because prices are high and my crop looks good up there. i can't tell wha

the high fructose corn syrup turns directly into fat. if you can avoid that which is in typically the processed foods, you're better off eating straight sugar in small amounts. >> giving chicken instead of hamburgers and carrots instead of oreos. it's not really scientific or complicated, just common sense. >> what happens with sugar is sugar takes you up like you're flying on a rocket and bring updown hard. i'm telling mothers to eliminate the amount of shoring sugar in a -- of sugar in a child's diet. >> making healthy choices is not always ease circumstances specially when it comes to fruit juices and whatever else is on sale. we're joined by a dietitian to continue this conversation. we're talking about how this is extreme in terms of banning it. but at least people are talking about it. >> if you look at a labor, nutrition facts labor under carbohydrates, it lists sugars with an s. it doesn't differentiate between naturally occurring sugar and added sugar. if you want to be an informed consumer, you may have to look in the ingredien

fresh sweet corn is an amazing 6 for a buck. arrowhead water is just $3.33 a case. and honey bunches of oats just $1.88 a box. real big deals this week and every week. only at safeway. ingredients for life. >>pam: in florida, the prosecution is making its case that treyvon martin was murdered carried george zimmerman claims he killed martin in self-defense. today, a prosecutor attacked the claims dating there are inconsistencies with what zimmermann told police. >> are he was challenged and he said, it does not make sense in that he started saying, i do not remember. one of the most classic inconsistencies, and are loosening me it's good victim had one hand over his mouth and want this over his nose. >>pam: zimmermann asked a judge to grant him bail today. he was granted on but when it was discovered his wife neglected to disclose money raised, the bond was revoked her if a judge has not a decision. the father of treyvon martin is defending his son saying incentivizing anything wrong. her >> i'll will or he did not instigate anything. he was minding his own business

we know from the 1880 census that he had approximately five acres in corn, five acres in wheat. he had four hogs, an old horse, a milk cow and some chickens. the yield levels he reported from his corn and wheat crop wouldn't be enough to feed the horse so this was really hand-to-mouth living, very subsistence level living. we also through archaeology know that polly, george's wife and their two daughters most likely did piecework, had a piecework sewing business out of the house. we found all of these buttons, beads, straight pins and safety pins under the floor of the cabin, and it's far more, thousands and thousands of these glass beads, far more than just one garment breaking or just a normal household's need for sewing material. by 1901, george gilmore is 91 years old, and the doctor is about the same age. these two guys, being in their 90s, finally decide they're going to die soon, and that they need to wrap up their estates. so in 1901, dr. james madison sells george gilmore this property. land of this quality which was the poorest in the county, because going for about $1