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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Jun 14, 2006
Page
5
In Lubbock and across Texas, farmers like Billy Tiller face severe stress as triple digit heat and a historically dry spring cripple 5000 acres of cotton. Despite earlier showers, May drought deepens with statewide rainfall 2.46 inches below normal, making this spring the 21st driest in 112 years per the Associated Press.
Stocks fall for a third straight session as inflation worries persist and the Fed path remains unclear. Dow drops 86.44 to 10706.14 while S&P 500 and Nasdaq weaken. global markets retreat on rate fears. Core producer prices rise 0.3 percent, fueling rate-tightening expectations.
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