2014 WHEAT FALIURE

It is predicted that the United States and Canada will experience a drought which could cause a 30 to 40% drop in wheat production in both countries. 

Wheat may be one of the most geopolitical food crops in the world.

China is the single largest producer of wheat, India is the second, yet nearly all of their crop is used within the country and they are the largest importer of foreign grain so in a world wide scale they do not help feed outside of their own population.

The third largest producer is the United States while Canada is the eighth.  Together they produce 76,500 metric tons of wheat.  Both countries are the among the largest exporters of wheat throughout the world.

Three of the top ten wheat producing countries are facing possible political uprisings or invasions which could cause another shortage in wheat.

Turkey, number 10 in production with 18,500 metric tons, is being threatened by the fanatical Islamic/Muslim animals known as the ISIS.  The Turks also are concerned with the Kurds, who with the unstable situation in Syria and Iraq have made incursions into Turkey and Iraq as a semi-autonomous people.

Number 9 in wheat production is Ukraine with 20,000 metric tons.  Again, Russia threatens to invade Ukraine, while a civil war among separatists is brewing. Ukraine exports to nearly all of Europe.

Pakistan is the perpetual conundrum.  Number 7 in production with 24,000 metric tons but little export.  Faced with internal and external Islamic turmoil to which they have added a new form of wheat rust Pakistan could need much more wheat than they can or will produce.

With three of the top ten wheat producing countries facing political uprisings and invasions and two more facing drought, wheat could be at a premium this year and next week.