Ukraine is gong to export virtually no wheat this year. Russia is limiting wheat exports to keep their domestic prices from climbing too far.
Meanwhile from the Palouse, the best wheat growing ground in the US, farmers export 85-90% of their wheat.
Grocery prices are going to skyrocket, in part due to climbing costs of fuel, chemical, and fertilizer. But also in part because foreign demand for our wheat will climb as Ukraine and Russia limit exports. You think we're going to limit exports to keep our domestic prices within reason?
I'm not familiar with other parts of the US but I'd imagine the situation is similar. Corn grown for fuel instead of food and massive portions of our crops slated for export at inflated prices, which further drives the domestic price through the roof.
And not a breath of limiting exports to help stabilize us here at home.
Ukraine is gong to export virtually no wheat this year. Russia is limiting wheat exports to keep their domestic prices from climbing too far.
Meanwhile from the Palouse, the best wheat growing ground in the US, farmers export 85-90% of their wheat.
Grocery prices are going to skyrocket, in part due to climbing costs of fuel, chemical, and fertilizer. But also in part because foreign demand for our wheat will climb as Ukraine and Russia limit exports. You think we're going to limit exports to keep our domestic prices within reason?
I'm not familiar with other parts of the US but I'd imagine the situation is similar. Corn grown for fuel instead of food and massive portions of our crops slated for export at inflated prices, which further drives the domestic price through the roof.
And not a breath of limiting exports to help stabilize us here at home.
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