From the Federal Reserve Bank of St Louis, update June 6, 2019: will 2019 be a repeat of 1993?
In March, the National Oceanic and Atmospheric Administration (NOAA) announced that nearly two-thirds of the continental U.S. faced an elevated flood risk through May 2019.1 Residents in the Upper Midwest and the Mississippi River Valley continue to face the risk of historic, major flooding.
A year ago we had no idea this would happen -- in fact, I think the consensus was high temperatures and drought due to global warming-- but we know the temperature of the earth one hundred years from now.
a lot of talk about the percentage of the corn crop that got planted, but even where there's been decent emergence there wont be much of a crop in those areas where the fields have been flooded...my corner of NE Ohio had 10 inches of rain over the first three weeks of June and by the time my freshly tilled garden dried out, the soil had packed down to an impenetrable hard pan..
ReplyDeletea good site for keeping track:
https://water.weather.gov/precip/
Thank you. The spike that we see now suggests the commodity traders see this coming -- thank you for the link.
Delete