The spring planting window has all-but closed across North America, yet a high percentage of the nation’s crops failed to make it into the ground, thanks to persistent cold/wet weather. Even those that were sown are expected to suffer drastically lower yields due to a global shortage of key agriculture inputs such as fertilizers, herbicides and pesticides.
We’ve discussed the poor planting rates across the U.S. in previous articles (corn at 22% vs average of 50%). Everything, we were told, hinged on a mild and dry second half of May; unfortunately though, the weather Gods have conspired, and quite opposite is playing out:
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