Analysis: Extreme weather plagues farming, talks flounder | Reuters
When temperatures rise as a result of smokestack and tailpipe emissions, droughts, heat waves, and floods become more frequent and more intense. The temperatures create "more and more hot extremes and worse unprecedented extremes and that's what we're seeing," said Neville Nicholls, a climate scientist at Monash University in Melbourne, Australia.[August 12, 2010]: Bumper corn, soybean [and wheat] crops forecast
As the number of extreme weather events mount, they will likely create havoc in agricultural markets and could lead to food riots in poor countries like those in 2007 and 2008 when prices hit records on rabid market speculation.
Corn production is forecast at a record high 13.4 billion bushels, up two percent from the previous record set in 2009, the USDA announced Thursday.
U.S. soybean production is forecast at a record high 3.43 billion bushels, up two percent from last year. Based on Aug. 1 conditions, yields are expected to average 44.0 bushels per acre, unchanged from last year's record high yield.
Winter wheat production is forecast at 1.52 billion bushels, up one percent from last month and up slightly from 2009. The United States yield is forecast at 47.5 bushels per acre, up 0.6 bushel from last month and up 3.3 bushels from last year. If realized, this will be the second highest yield on record, trailing only 1999.