How Much Food Prices Will Rise After Midwest USA Floods (804)

61,395 views | 2,251 likes
4 weeks ago

The biggest floods to hit the USA Midwest crop growing belts since 1993 and 1927, this appears to be the largest event event ever recorded in that area of North America in the last 150 years. Since the trade war with China, more 6.7 billion bushels in storage of the 17 billion bushels total has been lost due to flooding and contamination. Going by 1993 price rises after the flood a jump of 30% at the minimum is forecast. Global grain production down 7% over the last two years and poor conditions in the fields will make refilling the silos difficult at best.

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Flood forecast map NOAA [external link]
Gov. Kim Reynolds on Iowa flooding: 'It looked like an ocean' [external link]
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List 15 bridges out Nebraska [external link]
CME corn futures [external link]
Corn and wheat futures pricing [external link]
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Food safety chart [external link]
Grain markets walled off from flood impacts by mountains of supplies [external link]
Catastrophic Flooding In The Midwest Could Last “For Months”, And That Is Going To Mean A Dramatic Drop In U.S. Food Production [external link]

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