China Floods, Brazil Freezes, US Dry — Top Exporters Lose Crops as Grains Crisis Accelerates
Brazil has been getting hit repeatedly by unusually low temperatures, destroying crops. Meanwhile, the flooding in China, including Henan province — which accounts for 10% of their grains production — has damaged wheat, infrastructure, and thousands of large hog farms.
All hopes are on US, which is also having its own issues. This signals a huge red flag for worldwide production as these are the #1/2/3 producers/exporters of many grains. In fact, Brazil has started importing!
Christian explores what this means in this episode of the Ice Age Farmer broadcast.
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