California is not the only place on earth currently experiencing drought conditions.  This recent post on the Weather Underground blog describes some of the droughts that are occurring in other countries: https://www.wunderground.com/news/california-historic-drought-world-brazil-africa-korea?cm_ven=FB_NEWS_AS_072815_3.  Market analysts look at these droughts to help predict future prices of commodities like soybeans that can affect prices for farmers in the United States.

global precip 2014