U.S. Department of Agriculture last Friday (the 10th) dropped substantially this year, the country's major agricultural production, of which corn is expected to yield reduced by 13%, soybean production is reduced by 12%. The United Nations FAO's latest report, covering 55 kinds of food, global food price index in July rose sharply from 6.1 percent to 213.1 points.
 
At this point, the food shortages caused by the United States and other rare drought in major grain producing areas, increasing the panic on the market for food is already condensed. The foreign media reported that on the 13th, the Group of Twenty (G20) is currently brewing to jointly cope with the initiatives.
 
The United States and Russia and India, drought in rare
U.S. Department of Agriculture on the 10th, the latest monthly World Agricultural Supply and Demand Assessment Report ", 2012/2013 crop year outside of the cotton crops of wheat, coarse grains, rice, oilseeds, sugar supply is expected adjusted downward.
 
Among them, the United States this year's corn production is estimated at 10.779 billion bushels, down 13 percent over last year, down 17% from the expected value in June, its lowest level since 2006. The average corn yield of only per acre of 123.4 bushels, a record of the past 17 years the lowest level; expected this year's soybean crop of 2.69 billion bushels, down 12 percent over the same period last year, per unit of production fell to its lowest level since 2003.
 
However, the supply of U.S. wheat this year due to increased production and imports increase by 54 million bushels to 2.268 billion bushels, higher than market expectations.
 
Crop quality, according to the latest disclosure of the U.S. Department of Agriculture weekly crop progress report from 24 percent in the previous week ended on the 5th week, the corn crop good rate dropped to 23%. Expected to close as "very poor" and "poor" corn crop proportion rose to 50 percent, soybean crop this proportion rose to 39%.
 
By the drop of crop yields and quality, the U.S. crop futures prices sharply upward since June. As of last Friday (the 10th), Chicago Board of Trade soybean, corn, wheat, the main contract price compared to early June rose by 30-60%. Among them, the same day on the 10th, the price of corn once rose to $ 8.49 per bushel record a new high.
 
The United States is the world's largest corn exporter, accounting for nearly half of total world exports, but also a major supplier of soybeans and wheat and other agricultural products.
 
In addition to sounding the crop yield alarm, the world's major wheat exporting countries, Russia and the Asia's second largest corn-producing countries, India, this year also appeared abnormal dry weather.



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