World Grain - March 2015 - 93

WORLD GRAIN WEATHER REPORT: WILL WEATHER PUSH WHEAT PRICES HIGHER?

ditional bouts of bitter cold this year
with limited snow cover at times in a
part of the region. Just like in Russia
and Ukraine, there is some potential
for a smaller U.S. crop because of these
conditions. The situation in the United
Ukraine and Russia.
Some damage may have also occurred
periodically this winter in both the minor
wheat areas in the northern U.S. Plains,
the central U.S. Plains hard red winter
wheat region and in a few Canadian
Prairies crop regions. These pockets of
possible damage could add up, possibly
giving a little boost to wheat production
issues a little later in the spring.
Canada's primary winter wheat production region is in Ontario and Quebec.
Most of those crops were planted successfully and were adequately established before winter hit. But there is some concern
over spring wheat production areas in the
southern Prairies and northern U.S. Plains.
World Weather, Inc. has placed those areas into a summer drought watch because
of the potential that dryness will continue
deep into spring and then temperatures
will suddenly turn much warmer, sending
evaporation rates higher at a time when
soil moisture may be restricted.
In other areas around the world, there is
some concern of wheat production issues
in Europe because of too much moisture
at planting time and during a large part
could reduce some production, although
it is not likely to be a huge factor. Spain
still has some need for greater rain, but it
is the only large wheat production region
that has not seen surplus to excessive
moisture this year.
North Africa durum wheat production
in 2015 is expected to be quite favorable, but much will be determined by
March and April rainfall since that is
when most crops will approach and enter reproduction.
The bottom line is with the wheat
commodity futures prices recently putting in a bottom and a few unknowns
regarding winterkill and potential issues
in China and Canada this spring, there

might be just enough worry to support
a little bounce in futures prices over the
next few weeks. But, World Weather,
Inc. would be surprised to see production cuts anywhere near those of 2007
and, of course, today's world wheat
stocks are much greater than those in the
middle to late 2000s to prevent a raging
bull of rising prices.

Drew Lerner is a senior agricultural
meteorologist with World Weather, Inc. He may
be reached at worldweather@bizkc.rr.com.
World Weather, Inc. forecasts and comments
pertaining to present, past and future weather
conditions included in this report constitute the
corporation's judgment as of the date of this
report and are subject to change without notice.
We want to hear from you - Send comments and
inquiries to worldgrain@sosland.com. For reprints of
WG articles, e-mail reprints@sosland.com.

SAMPLING
EXCELLENCE!
The Closer
You Look...
The Better
We Look!

GAMET
BULK
SAMPLERS

TRUCK
PROBES

GAMET MANUFACTURING

7400 Boone Ave. N * Brooklyn Park, MN USA 55428

Toll Free 888-647-5475 * gametmfg.com

For more information, see Page 106.

www.World-Grain.com / World Grain / March 2015

http://www.gametmfg.com http://www.World-Grain.com

World Grain - March 2015

Table of Contents for the Digital Edition of World Grain - March 2015