As a result, world grain production has fallen short of consumption in seven of the last eight years, dropping world grain stocks to their lowest level in 34 years. (earthpolicy.org)
Global grain stocks were already scant, so wheat prices began to rise rapidly. (sciencemag.org)
If such a drop were to occur today, when grain stocks are seriously depleted, there would be panic in the world grain market. (earth-policy.org)