Free Republic

By the end of 2022, we are going to witness very serious shortages of food in many parts of the globe. In fact, World Bank President David Malpass is openly admitting that we are now facing “a huge supply shock” as a result of the war in Ukraine. Of course we were already moving into a global food crisis even before the war erupted. According to the UN, worldwide food prices in February 2022 were 20.7 percent higher than they were in February 2021, fertilizer prices have gone absolutely nuts, crop production is down all over the planet due to...

Soft Red Winter (SRW) futures hit an all-time high Friday before retreating back, as consecutive limit up trading days meant wheat prices topped a previous high set in 2008. Earlier this week, prices had shot to a 14-year high. "On the continuous futures, the Chicago March winter wheat futures contract set a then all-time high of $13.34 1/2 cents on Feb 27, 2008. Today, the March 2022 has traded to $13.40. So on some continuous charts, a new record today," says Bill Nelson of ProFarmer. "The wonky part of this is that today's record is for wheat futures in delivery....