By Michael Snyder/End of the American Dream
August 26, 2026
“A lot of things will come together to seriously affect crops next year,” Fryer said on Thursday.
“We’ve had crops decimated by weather in Europe and the U.S. A searingly hot summer in Europe has eroded grazing potential, with no hay and grass for cattle. A possible result of that is significant herd liquidation,” he said.
“We’ve got no end in sight to the Black Sea problem. The issue with fertilizer since the start of the Iran conflict is still there and if anything getting worse. U.S. corn yields look concerning after a wet spring and less fertilizer use, and could push prices up.”
We have never been through anything quite like this.
Everyone assumed that commercial traffic would always be able to flow freely through the Strait of Hormuz, but now everything has changed.