Why the global food shortage is a myth
Geopolitics Decanted by Silverado
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The Markets Had to Price Into the Price of Wheat
There's just a series of really unprecedented risks that the market had to price into the price of wheat. The probability and implications of a nuclear exchange in the middle of one of the more important a grain producing areas of the world. Just all these uncertainties, basically building in a tremendous, what we say in the trade is a risk premium into prices for all these unprecedented things. And fortunately, none of the worst of our fears about what could happen, at least agriculturally, did happen, did not happened.
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