Wednesday, May 13, 2015

The United Nations Predicts Bumper Crops and Falling Food Prices; WaPo Says We Don't Have to Worry About Gluten

I'm so confused.
First up, Quartz:
Good news from the United Nations Food and Agriculture Organization today: High inventories of foods, including wheat, meat, and sugar, plus a strong US dollar, are expected to drive down food prices around the world in the coming year.

The world is awash in wheat and is likely to remain that way, the UN FAO said in its latest semi-annual Food Outlook report. The past two years have both seen record wheat crops, leaving exceptionally large inventories—and lower prices....MORE

Meanwhile the Washington Post headlines: 
And finally the University of Illinois' FarmDoc Daily has a handy chart:

Forming Expectations for the 2015 U.S. Average Spring Wheat Yield: What Does History Teach Us?