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12:02AM

As if global ag isn't stressed enough, don't forget La Nina

Per my recent WPR column, the global cereal production chain is already under enormous strain thanks to the heat wave/drought in the Black Sea countries.  Then there's the floods in Pakistan.

The La Nina effect has already begun and will strengthen for the rest of the year.  Biggest losers likely the ABCs of South America (Argentina, Brazil, Chile), South Africa and Australia.

No upside whatsoever.

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