Oh dear, if true that is another 84 mmt tonne drop on top of the...

Oh dear, if true that is another 84 mmt tonne drop on top of the already 50mmt drop. That would represent a dip in just corn tonnes of over 130mmt.

To put this into perspective, Australia would take 5 average production years to produce that amount of grain. Or it is 50% bigger than India's total wheat crop of 80mmt.

And this is not taking into account the effect on the US soybean and wheat crops!

The floor is in place for a sustained bull run in agricultural markets for a number of years.