Wheat Stocks

As people know, Russia-Ukraine war is getting longer than we expected. inflation is top priority for US Government. So Biden administration to resume leasing for oil and gas drilling to reduce the oil price. Even though it is totally against his agenda for clean energy.

I think another big concern is the food inflation. As Ukraine and Russia account for 30% of world’s wheat, we will certainly have shortage. Of course, wheat is important for our daily food, but also important for animal feeding "Just 55 percent of the world's crop calories are actually eaten directly by people. Another 36 percent is used for animal feed. "

It was already high concern in January, High feed prices, inflationary pressure and supply chain disruptions to be common themes again in 2022. During the war, U.S. Authorities Say Don’t Worry About Inflation, But Animal Feed Prices Are Skyrocketing. We are having 30% less supplies of wheat production, so there will be high chance that price for animal feed will increase more.