“If the lack of rain persists until the end of the month, we’ll have to look again at our yield forecasts,” said Aurelien Blary, a crop analyst at Strategie Grains.
The supply pinch threatens to send elevated grain prices even higher, worsening inflation across supply chains and hurting US exports. “Everything west of the Mississippi River needs rain,” Harries said. “If we don’t have those regular showers, the size of the crop will get smaller every day.”Meanwhile, excessive rains further north are making it tough to plant spring wheat used to make bagels and pizza.
Drought is a concern in southern Alberta, a growing area for spring wheat and durum used in pasta. Moisture there is lower than a year ago and dry, windy conditions are eroding soils, according to its agriculture ministry. Further east in Manitoba, a series of storms have sidelined farmers. More rain is in the forecast this week, casting doubt on progress anytime soon.
A farmer tries to cool off at a wheat farm amid a blistering heatwave in the Ludhiana district of Punjab, India, on May 1, 2022.Blistering heat scorched wheat fields in the world’s second-biggest grower, damping expectations for exports to alleviate a global shortage. March temperatures soared to the highest ever for the month in records going back to 1901, parching the crop during a crucial period. That spurred estimates that yields will slump 10% to 50% this season.
Another apocalyptic prediction so favored by today's hysterical media.
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Perhaps it's not smart to have a global economy that can go to shit if 2 countries are having beef
Propaganda. Address the elephant in the room - unchecked human population growth, not 'climate change'.
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The population of the world increasing on and on.The mind of each person should be sinless.Dirty mind creatind disasters.The clean mind will create good climate.
This is directly the fault of Republicans who don't give a crap about the environment as the barrel around in their Yukons! This is the result of a climate crisis!
You know what that means? Soaring prices.
In the last days there is prophesied to be famine, pestilence, and war!
Time to start hoarding
Fields of Boaz
Wheat crops are essentially human necessities, but nature is changing. Therefore, we must work together to fix it in order to survive in the future.
Corporations fuel the climate crisis. Not the people. The people are the 'choir'.
Eat cake 🎂
Well ,Russia announces a surplus on its wheat harvest this season .. 🤷🏻♂️😃
Mother Nature is striking back.
Weather conditions must be taken seriously to account. In as much as we moving to the green zone
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Global wheat crop set to fall for first time in four years, US forecasts\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: FT - 🏆 113. / 51 Read more »
Source: The Guardian - 🏆 84. / 53 Read more »