Good heavens... That was hard to read. I posted about drought in the US being likely a good three months ago, but you're never sure if it will turn out that bad. This looks even worse than expected, however.
Originally published by ZeroHedge
Infrared satellite imagery designed to measure moisture levels and the health of farmlands suggests that staple crops such as wheat are in poor condition and in sharp decline among major exporters including the Ukraine, the US and India. Two countries do have bumper crops so far though;
namely Russia and China.
Satellite Imagery Shows Global Crop Declines – Except For Russia And ChinaSouth Front
And from the BBC article
As harvest time looms for the world's main wheat producers, countries that import wheat are hoping for a bumper global crop so that record high prices might fall.
But analysis on the health of crops around the world, shared with the BBC, suggests that's unlikely, and that Russia could be the only big winner.
From his farm three hours south-east of Paris, Sébastien Neveux is worried. Here in France's main wheat-producing region, the weather has been strange recently.
It was extremely dry in March, April and May, a crucial time for wheat crops in France which need moisture to pull minerals up from the ground. Then, in June, there was heavy rain and hail. It was too much, too late.
"I'll have lost 40% of this field because of drought and intense heat," says Mr Neveux. He estimates he'll lose 25% of his wheat crop overall.
