Special Report: Western Drought Watch: ‘Weather extremes appear to be increasing’: Drought conditions send oats, wheat and other commodities soaring

Drought conditions in the U.S. and elsewhere are behind the tight supplies and price gains for a wide range of commodities, including oats, wheat, soybeans, coffee and even livestock.

“Weather has always been a source of uncertainty in agriculture,” says Taylor McKenna, analyst at Kopernik Global Investors, and “weather extremes appear to be increasing.”

Among…