Less than half of the corn, wheat and soybeans usually planted this time of year is in the ground.
Combine that with virtually no wheat exports from Ukraine and America’s already shaking supply chain and things could get interesting — difficult, perhaps.
Remember, baby formula shelves are bare because one plant closed. You don’t need to take much out of the system to cause chaos.
We are now talking about a large percentage of corn, wheat and soybeans — gone come fall.
Enjoy your last taste of meat. Fill your freezer when the prices dip briefly when the cost of cattle feed gets to the level that slaughtering the animals that the farmers and ranchers can not afford to feed causes a glut of meat to hit the market. And afterwards nothing.
The Ukrainian farmers are shooting at Russians, not planting Spring Wheat. Russian soldiers are hauling stolen Ukrainian farm equipment away. You can’t harvest wheat you didn’t plant. Fertilizer is in short supply in America. Diesel for farm equipment is sky high. Fuel shortages and rationing are coming.
Bread will become very dear.
The Fed can print all the money they want. You can’t eat money.