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.
Read: California’s ‘atmospheric rivers’ bring limited rain relief — a look at the Western drought by the numbers Oat prices have “skyrocketed” as a result of drought in the Northern Plains, says Darin Newsom, president of commodity analysis provider Darin Newsom Analysis. And this year’s production of U.S. wheat planted in the spring is expected to be the smallest in a decade due to drought, he says, adding that there’s a similar situation for spring wheat expected across the Canadian Plains. In October, the U.S.
AccuWeather’s Mohler also points out that drought is often accompanied by heat, and those combined conditions put “stress on crops and livestock,” so while drought was probably the most stressful weather component, heat was “not far behind.”
Driving across the American countryside last month the earth looked terrifying our breadbasket is a dust bin
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