Devastating Losses in Ukraine Wheat from Historic Drought

January 6, 2012

Historic drought in Ukraine prevents any chances for a productive wheat harvest in 2012.   Production may plummet to the lowest level since 2003, shrinking domestic supplies and removing Ukraine from the wheat export market in 2012-13.

Precipitation finally developed in late December, after a 6-month drought, but the generous rainfall comes too late to rescue wheat from a very poor outcome.  Perhaps 50% of Ukraine wheat may be lost from historic drought that began early in July... subscribers continue to full story...