Wheat Feels the Heat
by Devilstower
Thu Sep 06, 2007 at 04:49:11 AM PDT
(A follow up to DarkSyde's terrific post on Arctic ice.)
In yesterday's commodity trading, wheat closed at record highs. Why is wheat shooting up? Because a hot, dry wind in Australia threatens to strip the last drop of moisture from fields that are already hurting for rain. At the same time, several other countries in the Southern Hemisphere have turned from wheat exporters, to wheat importers. But if today's trading was focused on problems in the south, that's not the only place where rains have been sporadic in the last couple of years. Wheat growing areas in many northern countries, including Eastern Europe and the United States, have faced unusually hot and dry weather.
As with any short-term weather pattern, it's difficult to say if the wheat shortage is directly related to the broader issue of climate change -- though with widespread and persistent droughts in several areas, it's tempting to draw that connection. However, what this phenomenon does show is the idiocy behind those "climate change might not even be bad" statements pouring from such right wing organizations as the American Enterprise Institute.
Yes, a warmer climate might ultimately result in a greater net biomass on Planet Earth. It might even mean that one day we have a larger wheat crop. But since wheat farms are located in the places where wheat has grown well in the past, not those places where it will grow in some future climate regime, the immediate effect of climate change will be enormous disruptions to the very basics.
Observers in Europe said hikes in bread prices are inevitable.
"We'll be very surprised if general bread prices don't go up because the pressures upon us all are the same," Robert Schofield, Chief Executive of Premier Foods, Britain's biggest food producer, told Reuters in a telephone interview.
Just a hint, AEI. You better warm up the spin machine, because when a loaf of Wonder Bread starts to top the price of a gallon of high test, even those who have snoozed through the climate change debate so far are going to start to notice.
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