By Sean Pratt, June 8, 2017
Dry conditions across the U.S. northern plains and spring seeding setbacks in Western Canada could boost prices
A developing drought in the United States northern plains, early signs of a low protein U.S. winter wheat crop and planting problems in Western Canada could spark a spring wheat price rally, say analysts.
Jim Peterson, marketing director for the North Dakota Wheat Commission, says it has been hot and dry in Montana, western North Dakota and South Dakota.
“With our recent trends, we didn’t anticipate a large area to be as dry as it is right now,” he said.