Letter Re: A Significant Wheat Shortage is Looming in the US
Mr. Rawles, I found an interesting and alarming article from CattleNetwork.com on grain supplies. Especially note these parts: “In fact, export sales of U.S. wheat are beginning to look like panic buying. Overseas buyers are purchasing ahead anticipating the U.S. will run out of wheat, which is exactly what may happen for hard red winter and white wheat. Wheat exports simply can not be sustained at current levels. Either price will have to increase more to ration the remaining supply or, as was rumored in grain markets this week, the U.S. government will step in to embargo further wheat exports.” …