Did I Mention That a Wheat Shortage is Imminent?
A perfect storm is brewing folks and it’s a mixture of Mother Nature, misinformation, and apathy. Today Russia, the worlds 3rd largest exporter of wheat, announced that they were banning wheat and wheat derivative exports for at least the next four months. (Click here for article) They are asking that other nations, including Kazakhstan—another major grain exporter, to do the same. Keep in mind that China, one of the largest importers of wheat, is presently experiencing the worst drought of the century. Additionally, the news article quotes a Russian official claiming that the United States had a good harvest this year, and thus the news of today is no cause (more…)