
While everyone else was worrying about hurricanes, the United Nations Food and Agriculture Organization quietly published its own news of a disaster, the body's November "Food Outlook" report. It seems Russian wheat production has crashed by 30 percent, owing to freakishly severe droughts, the result of an epic heat wave last summer (remember the horrific Russian wildfires a few months ago?). Fine, 2013 will be a slightly bad year to be a baker, so what? The report explains that part of the problem with a tight market for amber waves of grain is that it also hits cereal production—which ... Read More



