CO2-induced global crop failure update: "Global wheat production will jump 6.9 percent to a record 701.1 million metric tons in the year that began on June 1, exceeding the 3 percent expansion in demand to 694.1 million tons"

Wheat Bear Market Worsens as U.S. Farms Lose Share: Commodities - Bloomberg

Global wheat production will jump 6.9 percent to a record 701.1 million metric tons in the year that began on June 1, exceeding the 3 percent expansion in demand to 694.1 million tons, the USDA said May 10. A 6.6 percent increase from Canada, the second-largest exporter, and gains of 48 percent in Russia and 40 percent in Ukraine compare with a 9.4 percent drop in the U.S.