U.S. Cotton, Peanuts at Risk From Hurricane, Meteorologist Says 2016-10-07

By Mario Parker and Danielle Bochove
(Bloomberg) –Cotton and peanut crops are most threatened
from heavy rains associated with Hurricane Matthew, David
Streit, senior lead forecaster at Bethesda, Md.-based Commodity
Weather Group LLC said in an interview Friday with Bloomberg
Television Canada.

* 10% of the national cotton crop is in southeastern U.S.,
~15% of national peanut crop
* Soybean production is threatened “to a lesser degree”
* Storm could last a week to 10 days and could also “loop
back around”
* ~2.5m regional customers may experience power loss, mostly
in Georgia and Southeast Florida
* Hurricane seen disrupting oil shipping routes
* Hurricane Nicole is also developing in the Atlantic, further
threatening shipping routes
* NOTE: Hurricane Matthew Stays Offshore, Averting Florida Hit