Wednesday, May 22, 2019

its coming and you ain't gonna like it;

American farming has encountered the apocalyptic horsemen of 4D-chess-meister Donald Trump’s trade wars coupled with full onset Grand Solar Minimum (GSM). As we warned back in April, corn, wheat and soybean crops would be problematic. It now looks like Chinese buying will be moot, as little grain will be grown this year. Keep in mind that the GSM is just beginning.In its Crop Progress Report on Monday, the USDA pegged U.S. corn planting at 49% complete, behind the 80% five-year average. The trade expected a completion rating of 53%. Even worse, only 19% of the planted U.S. corn has emerged versus a 49% five-year average.
The USDA pegged the U.S. soybean planting completion rate at 19% versus a 47% five-year average. Of the U.S. soybean crop, 5% has emerged versus a 17% five-year average.
This chart shows U.S. farm income in the tank even before this spring’s planting disaster and trade war........

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