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The Food Supply Chain Is Breaking... Again
The Food Supply Chain Is Breaking... Again
Authored by John Rubino,
Spring has sprung, which means seeds that were planted in late winter are starting to germinate.
They’re hungry and will only grow to their full nutritional potential if they’re well fed.
But that, apparently, isn’t happening, as fertilizer supplies are interrupted by yet another pointless Middle East war.
The result?
Global food shortages that might dwarf the COVID-era Costco-hoarding mess of recent memory.
Here’s an overview:
Shanaka Anslem Perera @shanaka86
BREAKING: The nitrogen trap just closed. Three locks snapped shut simultaneously. The planting window is closing behind them....
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Summary
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US equity futures are higher led by tech and small caps, with traders buying the dip in stocks as a swift conclusion to the latest round of US strikes against Iran raised expectations that talks over a peace deal and the reopening of the Strait of Hormuz will get back on track. As of 8:00am ET, S&P futures rise 0.7% to recover from a five-week low after Trump forewarned Iran would be hit “very hard,” followed by swift and superficial strikes; Nasdaq...
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