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June 7, 2019 at 4:17 pm
#19773
Corn planting is behind schedule due to flooding. Fields are still saturated or underwater. https://www.agweb.com/corn-planting-map/
Soybeans are looking even worse: https://www.agweb.com/soybean-planting-map/
These are our two primary feedstock crops for animal feeds and fast food components.
Maybe not a black swan but close. If you don’t grow your own, the time to stockpile cereals and meats is now. Prices will be high for sure, but we could also be facing shortages, depending on how the growing season and harvest goes.
