Wheat Farmland Under Threat Worldwide As USDA Reveals Dismal Grain Outlook | ZeroHedge

Droughts, floods, and heatwaves have plagued farmland in the U.S., Europe, India, and China. As for Ukraine, the world’s largest wheat producer, the war could slash production by upwards of a third. There’s one exception: Russia, which is expected to have a bumper crop as wheat prices soar. “If there was ever a year where we needed to see optimum conditions and strong yields around the world, this was going to be it.”Clearly that situation is not being seen. It adds more risk to this highly volatile situation,” said James Bolesworth, managing director at CRM AgriCommodities, told Bloomberg.

Source: Wheat Farmland Under Threat Worldwide As USDA Reveals Dismal Grain Outlook | ZeroHedge

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s