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| http://droughtmonitor.unl.edu/
If you follow the link above on a regular basis, it should help you make some wheat price predictions (within the US anyway). If you was to overlay a winter wheat production intensity map over the most drought stressed regions, it would be similar - with the highest concentrations of acres in western KS, Western OK, and up into SC SD. I'm guessing there is 9.5 million acres of winter wheat planted in KS alone.
I'm not a grain marketer and don't try to be, but if some of the areas mentioned above don't get rain soon, the winter wheat crop condition is going to continue to drop, which will likely cause prices to rally.
Phil N
http://www.needhamag.com | |
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Wheat market
