Source – research.rabobank.com

• “… China’s imports of these have risen almost three-fold in a year to address a structural supply gap that cannot be addressed by domestic production. Indeed, China is so stretched for feed it is resorting to using old domestic wheat reserves for livestock — 35m metric tonnes this year alone, equivalent to Canada’s production– in addition to vegetable oil, and even pig lard. China’s moves are single handedly testing supply chains to their limits”

On The Verge Of A Global Crisis: One Bank Warns Of A “Biblical” Surge In Food Prices

By Michael Every

Biblical, Lean, and Mean: ‘Dreams’ of an agri-commodity super-cycle

Then Pharaoh said to Joseph: “Behold, in my dream I stood on the bank of the river. Suddenly seven cows came up out of the river, fine looking and fat; and they fed in the meadow. Then behold, seven other cows came up after…