Corn Risks Being Left in Fields as Gas Crunch Bites

Oct 28, 2021 at 10:20 AM CST
European corn farmers are facing the prospect of having to leave crops in fields because of the energy crunch, a fresh sign of how the crisis is heightening the risk of global food inflation. The grain typically needs to be dried down after it’s collected to ensure the proper moisture content, a task that’s becoming more costly as gas prices surge. Most of the region’s harvest is collected through November, and the crop is in strong demand to vie against increasingly expensive wheat and offset shortages from Brazil.

Oct 28, 2021 at 10:20 AM CST

European corn farmers are facing the prospect of having to leave crops in fields because of the energy crunch, a fresh sign of how the crisis is heightening the risk of global food inflation. The grain typically needs to be dried down after it’s collected to ensure the proper moisture content, a task that’s becoming more costly as gas prices surge. Most of the region’s harvest is collected through November, and the crop is in strong demand to vie against increasingly expensive wheat and offset shortages from Brazil.