A Pumpkin-Pie Shortage Is Looming Thanks to Heavy Summer Rains
- Crop yields in Illinois, the biggest U.S. producer, fall 50%
- “Maybe that means you’ll have one slice instead of two”
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Want a trading tip? Go long canned pumpkin.
That’s the advice from the owner of Libby’s, the largest U.S. producer, after record summer rains damaged this year’s pumpkin crop. Yields in Illinois, the center of American production, are down about 50 percent from 2014, according to Nestle SA, Libby’s parent company.