Chilly Temperatures Cause Wheat Prices to Rise

Ottumwa Courier has the story:

Unseasonably cold weather struck across the Great Plains this week, bringing snow and freezing temperatures to major wheat-producing regions. Although the extent of the damage is uncertain, some analysts expect significant yield loss in the wheat crop that is growing in the hard-hit states Kansas, Oklahoma, Texas and Colorado.


In the Midwest, cold temperatures and snowfall are delaying corn planting further, with areas of Iowa (America’s No. 1 corn-producing state) under as much as 2 feet of snow.

The gravest danger from the next grand minimum will be the loss of food production.  This is a one time event, but worry it could be come an multi-year event, then the real problem will become survival for millions.


2 thoughts on “Chilly Temperatures Cause Wheat Prices to Rise

  1. Gail Combs May 8, 2013 / 12:10 pm

    The big problem is changing from one seed stock to another (takes about 4 years) and the USDA brainwashing of farmers, telling them it is going to get warmer. Mono-genetic GMO seed and huge monoculture farms are also a threat when the weather becomes unpredictable.

    Of course the fact Dan Amstutz, grain trader, VP of cargill and later Goldman-Sachs, removed US grain storage practices in 1996 to the bottom line for Cargill, ADM, Monsanto and the financial traders while it starves the little guy doesn’t help. But whats not to like?

    In summary, we have record low grain inventories globally as we move into a new crop year. We have demand growing strongly. Which means that going forward even small crop failures are going to drive grain prices to record levels. As an investor, we continue to find these long term trends…very attractive.” Food shortfalls predicted: 2008

    As George Bernard Shaw said we want to get rid of the ‘useless eaters’ anyway.

    The moment we face it frankly we are driven to the conclusion that the community has a right to put a price on the right to live in it … If people are fit to live, let them live under decent human conditions. If they are not fit to live, kill them in a decent human way. Is it any wonder that some of us are driven to prescribe the lethal chamber as the solution for the hard cases which are at present made the excuse for dragging all the other cases down to their level, and the only solution that will create a sense of full social responsibility in modern populations?”
    Source: George Bernard Shaw, Prefaces (London: Constable
    and Co., 1934), p. 296.–-Fabian-Socialist-and-Hitlerian-Advocate-of-Mass-Murder


    Click to access grain_reserves_for_food_aid.pdf,1

    • Russ May 9, 2013 / 4:16 pm


      Thanks for the comment and the reference links.

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