¥40% drop in Russian grain harvest reduced world grain stocks from 79 days of consumption to 72 days
¥But what if the heat wave were centered on Chicago and the much larger U.S. grain harvest dropped 40%?
¥World grain stocks would plummet to record-low 52 days – well below the level that preceded the tripling of grain prices in 2007-08
¥Would likely result in unprecedented food price inflation and food riots in scores of countries, toppling weaker governments
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