Extreme weather in the Black Sea region and US Midwest threatens global crop output, potentially causing supply disruptions and price increases.

Global crop output faces threats due to extreme weather conditions, particularly in the Black Sea region's breadbasket and US Midwest. Dryness and below-normal rainfall in the Black Sea region could impact corn and sunflower crops, while excessive rains in the US Midwest raise concerns of flooding in corn and soybean-producing areas. These weather conditions may lead to global supply disruptions and higher prices.

June 24, 2024
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