Sunday, November 12, 2023

Wheat

As the war in Ukraine drags on many countries in the Middle East and Africa will face food shortages. Syria and Yemen are both in the middle of Civil war and suffering food shortages will face starvation. Egypt with 100 million people gets 85% of their wheat from Ukraine and Russia. The price of wheat on the world market is rising rapidly and the last time this happened in 2010 it was partially responsible for the Arab Spring uprising. Last year the world was blessed with good weather but that may not be the case this year. The US should considered stopping the use of corn for ethanol and put that out on the market.

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