Is There a Global Famine on the Horizon?

Man may not live by bread alone, but you cannot deny it is a damn important part of the diet of millions in the world who are not trying to be gluten free. Look carefully at the following chart:

Let me help you with the math–Russia and the Ukraine combined accounted for 33% of all wheat exports among the top ten exporters. Russia exports more than the United States. Let that sink in for a moment.  Russia’s invasion of Ukraine is highly likely to disrupt Ukraine’s ability to fully plant and harvest wheat in 2022. And Russia will be blocked, in theory at least, from being able to accept U.S. dollars for its wheat export. On March 9 President Putin signed an order banning the exports of some goods and raw materials: