The Survival Economist
Premiered May 23, 2021
It turns out that things are even worse than we originally thought. Did you know that global supplies of wheat are shrinking? If that wasn’t bad enough, global supplies of corn and soybeans are shrinking as well. As a result, prices for all three have been soaring and the number of hungry people around the planet is rapidly rising. The COVID pandemic, widespread crop failures and global supply chain disruptions are some of the factors that are being blamed for this growing crisis. Unfortunately, it doesn’t appear that things will get much better any time soon. In fact, Forbes is telling us that we should not expect to see things turn around “until late 2022 – or beyond”…
The relentless rally in grain prices is the result of shrinking global supplies that might not be replaced until late 2022 – or beyond.
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