Will soaring US crop prices show up on a grocery shelf near you?

This story seems to demonstrate how different forces can converge to impact us all on a very basic level, in this case a negative impact in the form of higher food prices. But there's more to this than just climate change leading to higher prices as the result of bad crops. From the article:

A crop rally in the U.S. is threatening to make essential food commodities dramatically more expensive, and the costs could soon spill over onto grocery store shelves.

Wheat, corn and soybeans, the backbone of much of the world’s diet, are all surging to the highest since 2013 after gains last week had some analysts warning that a speculative bubble was forming.

Bad crop weather in key-producing countries is a major culprit. Dryness in the U.S., Canada and France is hurting wheat plants, as well as corn in Brazil. Rain in Argentina is derailing the soy harvest. Add to that the fears of drought coming to the American Farm Belt this summer.

“The agriculture sector looks very appealing right now and the money is chasing it,” Suderman said.

So there's a double whammy of bad crops and money pouring into the market in part due to this constant money printing. All that money that the central banks are creating has to go somewhere, and it's going into the markets.

I can see this becoming a nasty cycle. The economy is hurt by climate change (or a pandemic). Governments print money in response. That money leads to inflation which ultimately hurts those already stung and those most vulnerable.