Crop Loss Extreme Weather 

Wheat Prices Rose To A Three-Year High This Week

Wheat prices rose to a three-year high this week as traders grew increasingly concerned about drought conditions in the U.S. Great Plains and in northern Europe — two of the biggest wheat producing regions on the planet.

Revised estimates are projecting this year’s global wheat harvest will be almost 4 percent down on last years, which helped to push prices sharply higher.

Germany is one of the hardest hit regions, facing at least a 20 percent loss of its wheat crop.

The nation is also facing large losses of its rye and barley crops, which could force the country into buying foreign grain to make its hearty breads and beers.

Wheat Price at close of trading Aug 03

For those awake, the signs are clear.

The Grand Solar Minimum is tightening its grip on global food supplies.

 

[Featured Photo: Scott Olson]

[Chart: www.macrotrends.net]

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