Wheat's Drought Dilemma
Todd Hultman DTN Grains Analyst
Tue Apr 22, 2014 07:34 AM CDT

This year's events in Kansas City wheat have been more interesting than usual. Spot prices fell to $6.08 in January, their lowest in eight months after world wheat saw an 8.5% hike in production in 2013-14, which included a record high 37.5 million metric tons from Canada. It soon became apparent, however, that Canada did not have the rail capacity to ship their grain during winter and wheat prices began to rebound. On the other side of the world, political protests in Ukraine forced their pro-Russian president out of office in February and Russia quickly responded by sending troops to ...

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