Extreme Weather Will Determine U.S. Crop Prices

Global grain markets are at a pivot point, withpricesfinally starting to ease after asurge earlier this year.

Climate change, however, has the ability to make extreme weather events more likely to occur and more severe, impacting U.S. crop output.

Bloomberg报道称,一些生产商已经看到激烈的飞路dwaters submerge acre after acre this spring. Scorching heat in the Midwest may have caused the loss of the top end of the yields and productivity.

Russia’s invasion of Ukraine hasstifled exports from the region. The disruption has sent crop futures to near-record highs, with stockpiles extremely tight.

That’s adding to rampantfood inflationand raising fears of global grain shortages.

Markets have finally started to calm in recent weeks on optimism that key producers like Australia and the U.S. will reap harvests large enough to help replenish shortfalls. That means every bushel counts.

—Lisa Cleaver