Michael Snyder (Opinion)- 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
Supplies of three of the world’s most important grains: corn, soybeans, and wheat, are shrinking, and it will likely take at least the next two growing seasons for supplies to reach comfortable levels again. That’s the prediction the USDA and many private grain analysts have come to in recent weeks, and grain markets have taken notice.
Why isn’t this front page news all over the world?
At this point, most people don’t even know about the absolutely devastating crop failure that happened in China last year…
As the global population and ....READ MORE
MichaelSnyder is a nationally syndicated writer, media personality and political activist. He is the author of 5 books including his latest, Lost Prophecies Of The Future Of America” which is available on Amazon.com. He has four others that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. Michael allows others to republish his work on other websites because he feels people need hope more than ever before, and its his goal to share the gospel of Jesus Christ.