Breadbasket Withers as Lake Mead Hits Record Low #
Arlan Suderman stood in a field of brittle stalks on Tuesday as the federal government confirmed the terminal collapse of the American grain belt. Suderman, the chief commodities economist at StoneX, warned that the USDA has slashed winter wheat production by 400 million bushels. The loss represents a 20% collapse of the harvest, driven by what growers describe as a catastrophic hydrological failure across the plains. In Nebraska, 55% of the state is now classified under extreme drought. The hard,…