Across the world, top wheat-producing regions are experiencing adverse weather conditions that could threaten production. In places like Ukraine, a military invasion by Russia has slashed production significantly. All of this suggests the world is on the cusp of a food crisis.
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.Wheat Farmland Under Threat Worldwide As USDA Reveals Dismal Grain Outlook | ZeroHedge