Thursday, July 4, 2019

US Flooding -- US Corn -- Update -- July 4, 2019

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.