Dried-out farms from China to Iowa put pressure on food prices

FILE PHOTO: Wheat harvesting in Kyiv region amid Russia's attack on Ukraine

SHANGHAI: Drought is shrinking crops from the US Farm Belt to China’s Yangtze River basin, ratcheting up fears of global hunger and weighing on the outlook for inflation.

The latest warning flare comes out of the American Midwest, where some corn is so parched stalks are missing ears of grain and soybean pods are fewer and smaller than usual.