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El Nino – Banks Are Now Concerned About the Weather, Food and its Domino Effect

Touch the Soil News #115 –– includes 1 video   Earlier this week, analysts from Citigroup announced concerns that El Nino weather patterns now being expressed in the Pacific region will raise grain prices resulting in an increase in the prices of food. Citigroup says the risk is for grain prices to increase by as much as 25 percent. According to Citigroup’s analysts: “The El Nino effect is a major tail risk for the global economy. Momentum is building about the potential disruption to commodity supplies ahead, especially staple food crops.”   So just who is Citigroup? Citigroup is one of the four “mega” banks headquartered in the U.S. with…

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