Cold weather, drought weigh on wheat conditions from Mexico to Canada.

It is interesting to note that while much of the commodity market attention recently has been on South America there is a large part of North America that has been quite dry this autumn and winter. Drought is affecting many areas from Mexico through the U.S. Plains to the heart of Canada’s Prairies. The area is normally responsible for much of the quality wheat and other small grains that are produced from North America, and if significant moisture does not fall soon the spring season could be marred by drought.