The last 12 months have been the wettest in all of U.S. history, and this has created absolutely horrific conditions for U.S. farmers. Thanks to endless rain and historic flooding that has stretched on for months, many farmers have not been able to plant crops at all, and a lot of the crops that have actually been planted are deeply struggling. What this means is that U.S. agricultural production is going to be way, way down this year. The numbers that I am about to share with you are deeply alarming, and they should serve as a wake up call for all of us. The food that each one of us eats every day is produced by our farmers, and right now our farmers are truly facing a nightmare scenario.
You can view the latest USDA crop progress report right here. According to that report, corn and soybean production is way behind expectations.