WARNING: A Global Food Crisis is Coming ~ Get READY!
As we come to the end of 2022, the world is facing an epic crisis. Due to a confluence of factors – the war in Ukraine, fertilizer shortages, diesel shortages, drought, and other issues – the world isn’t going to produce the amount of food we’ve come to expect. Today, we’re going to look at USDA projections for global production, imports, and exports for the most important grains in the world – corn, wheat, and rice. And when we combine those projections with more recent news reports from the ground, I believe they point to a dire situation.
USDA World Agricultural Supply & Demand Estimates: https://www.usda.gov/oce/commodity/wasde
LINKS to NEWS ARTICLES:
https://www.farmprogress.com/market-reports/august-22-wasde-markets-yawn-corn-yields
https://www.graincentral.com/markets/daily-market-wire-18-july-2022/
https://www.cnn.com/2022/08/05/europe/ukraine-grain-hunger-crisis-world-intl/index.html
Corn
https://finance.yahoo.com/news/food-inflation-eases-problematic-crops-164953441.html
https://www.malaysiasun.com/news/272623842/eus-crop-yield-projected-to-fall
https://finance.yahoo.com/news/romania-warns-corn-exports-may-110051756.html
https://brownfieldagnews.com/news/conab-lowers-brazil-second-crop-corn-guess-slightly/
https://www.nasdaq.com/articles/igc-sees-lower-global-corn-production-in-2022-23-0
Wheat
https://www.agweb.com/markets/pro-farmer-analysis/russia-may-not-hit-grain-production-forecast
https://www.world-grain.com/articles/17238-argentina-wheat-forecast-lowered-due-to-drought
https://astanatimes.com/2022/07/kazakhstan-to-increase-wheat-crop-by-nearly-20-percent-by-year-end/
https://seekingalpha.com/article/4533872-weat-price-weakness-wheat-issues-not-going-away
Rice
https://www.fastbull.com/news-detail/global-rice-supplies-at-risk-as-harsh-weather-527427_0
https://finance.yahoo.com/news/rice-faces-squeeze-higher-fertilizer-000000761.html
https://agfax.com/2022/07/16/rice-market-update-harvest-set-to-begin/
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