Aussie Flooding, Argentine heat, Grain prices pop

January 14, 2011

You rarely see images like this from first world nations.

The extreme weather of recent months has put a strain on global food supplies, as the Wall Street Journal reported yesterday.

Evidence of tightening global food supplies grew as the U.S. Agriculture Department cut its estimates for global harvests of key crops and raised some demand forecasts, adding to worries about rising food prices….
With yesterday’s gains, prices of corn futures contracts are now up 94% from their June lows; soybeans are up 51% and wheat is up 80%

The USDA’s revisions reflect the impact of dry weather in South America and floods in Australia, which have compounded supply constraints that first started to emerge in the middle of last year, when a drought in Russia ravaged that country’s wheat fields.

ABC news reminded viewers:

Though you can’t make a direct link between Australia’s killer floods and climate change, they do hold a warning for the future: Scientists predict such extreme weather events will increase both in intensity and frequency as the planet warms.

Deniers, close your eyes, and remember to click your heels together, and repeat after me, CO2 is plant food, CO2 is good for crops, CO2 will green the earth, CO2 is good for plants…..



• Scientific American: Extreme Weather drives prices to new highs

One Response to “Aussie Flooding, Argentine heat, Grain prices pop”

  1. Unlike previous floods, it’s not the result of cyclone activity either (I don’t want to imagine what they’ll be like).

    There have been so many amazing stories (such as the tug boat that stopped a floating bridge – 300-tonnes worth – from colliding into the Gateway bridges) and so many tragic stories…

    The floods are right along the eastern states now – even in Tas. You can’t help but feel a little bad that it’s a nice day outside in SA today.

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