What Does This Mean For Us?

Terrible Outlook For 2009 Global Wheat Output
by Eric deCarbonnel
The numbers for this year’s wheat output are horrible.
1) Romania = output wheat down -30%
2)Ukraine = output wheat down -27%
3)Hungary = output wheat down -28.5%
4)Czech = output wheat down -20%
5)Bulgaria = output wheat down -30%
6)Poland = output wheat down -10%
7)Spain = output wheat down -42%
8)Australia = output down -10-35%
9)Argentina = output down -34%
10)China = output down -20% or more
11) US = output down -20% or more
12)Canada = output down -12%
13)Russia = output wheat down -21.5%
Conclusion: Nothing has changed. Estimates for agricultural production are being continuously downgraded every month. Droughts, under planting, and lack of credit have devastated global agricultural output. The world is still facing food shortages in 2009.