WORLD GRAIN WEATHER REPORT Will weather push wheat prices higher? M ost of the grain and oilseed markets continue to closely monitor Brazil and Argentina production as their harvest season's move into high gear. Concern over Brazil's trucking strike combined with a wet weather bias in February brought around a little support for soybean prices. In the meantime, a few interesting issues seem to be evolving for wheat production around the world that will be closely monitored - at least for a little while. The big question is whether world weather can be adverse enough this spring and summer to support stronger wheat prices. Conditions in winter wheat around the world are quite varied. Both China and India are poised to bring in large crops. Weather in China this winter has been almost perfect after autumn planting went extremely well. Winter provided virtually no harsh weather in wheat production areas and there have been several important precipitation events that have put some moisture into the ground for use in the spring season. Wheat will break dormancy in a part of eastern China this month and it is expected to be supported by timely rainfall. The good start to China wheat development will be closely monitored because there is an association with "Modoki" El Niño events, like that developing this year, and dryness in a part of southeastern and east-central China during the spring season. A Modoki El 90 by Drew Lerner China, India are poised to produce large crops in 2015; Eastern Europe and U.S. may face production issues region of unusually warm ocean water that is located along the equator near the International Dateline in the central type are different from the traditional El Niño events that produce the warmest equatorial sea surface ocean water ZW K5 [10] Wheat Nov Last: 515'0 Dec between the South America coast and 160 degrees west longitude. A Modoki El Niño event places the warmest ocean water further to the west and in doing so it causes high pressure to form east of the Philippines that grows in size during the spring season and tends to reduce Change: 2'0 Jan '15 High: 516'4 Feb Low: 511'6 670'0 660'0 650'0 640'0 630'0 620'0 610'0 600'0 590'0 580'0 570'0 560'0 550'0 540'0 530'0 520'0 510'0 500'0 490'0 Daily In cents per bushel Source: CME Group March 2015 / World Grain / www.World-Grain.comhttp://www.World-Grain.com