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A Historic Disruption To The World's Wheat Supply
Odd Lots
What's the End Destination of Wheat?
There's potential for a hundred % substitution if you have those supplies. Where there's real concerns is the vast bulk of wheat is actually used for human consumption, bread, posta and crackers. This is potentially huge problems for lower middle income countries in north africa and throughout the middle east that relied very heavily on the imports of wheat from this area. It will happen, but it just takes time. And no countries like egypt will do everything they can to increase subsidies and insulate their population from these price increases.
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