“On a bullish note, the Henan province in China is expected to see a windy weather pattern, along with hot and dry conditions; this province produces about a third of China’s wheat. Drought continues to expand throughout China’s wheat belt, which could mean that they will need to import down the road,” Stewart-Peterson said. “Also supportive is the fact that U.S. SRW wheat is currently the world’s cheapest. Furthermore, U.S. HRW wheat at the Gulf is said to be at a 25-cent discount to Russian wheat. Global turmoil is likely to continue to inject volatility into commodity markets. News outlets have reported that India launched an attack on Pakistan overnight in response to an attack last month on tourists that resulted in 26 deaths. Pakistan also claims to have shot down several Indian jets. This has raised concerns about war brewing between the two nations.”