Are you ready for food shortages?  Record heat and drought killing crops…

Drought pains & market moves

Crop conditions are the worst they’ve been in decades. USDA recognized at least part of that likely slash in crop output in its August 10 crop production and grain supply/demand reports that showed corn yields will likely be around 120 bushels/acre and soybeans below the 40-bushel mark. But, some farmers think those figures are still way too high. Even if they’re not, though, numbers like those raise some major supply/demand concerns for the global corn pipeline and have many farmers wondering how high grain prices will go.