This Year's American Wheat Harvest Has Been Awful
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 6 June 2022
⏱️ 50 minutes
🧾️ Download transcript
Summary
There are numerous macro factors driving elevated inflation. But in some categories, there also seems to be a lot of bad luck. When it comes to the US wheat market, the weather has been awful. After a long drought, farmers have been faced with an extraordinary amount of rain. As such, the spring planting season has been one of the worst on record. Of course, this comes amid overall bad conditions, with prices already elevated, owing in part to Russia's invasion of Ukraine. So to understand more about what's going on for farmers, we spoke with Angie Setzer, a co-founder of ConsusROI, which helps farmers make planting and hedging decisions.
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| 0:42.3 | This is Barry Rittles here to tell you about another podcast we think you'll love listening to, |
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| 1:20.8 | Hello and welcome to another episode of the AdLots podcast. I'm Joe Weisntel. |
| 1:26.2 | And I'm Tracy Alloway. Tracy, you know, obviously when we talk about inflation, |
| 1:31.6 | which we talk about all the time, a lot of the conversation has to do, of course, with the macro, |
| 1:39.6 | monetary policy, fiscal policy, the compensation for years of underinvestment in key commodities |
| 1:47.1 | or key industries. But it does seem like in some areas, I don't know if luck is the right word, |
| 1:53.5 | but there are some areas where things are contributing to shortages that do seem like sort of like |
| 2:00.0 | bad luck and not necessarily related to the economic cycle directly. But here's the thing. So yes, |
| 2:07.6 | I agree with you. But it feels like that bad luck just keeps continuing, right? It feels like we've |
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