There’s a lot of demand but also a lot of poor crop weather in key parts of the world — including the U.S. Plains region — that have the world’s ag market attention zeroed in on the wheat market. Growers in North America, the Black Sea region and Russia are all facing drought conditions at a key time in the growing season, planting and early crop establishment. At the same time, it’s a critical time for wheat importers looking to build domestic stocks. It’s a combination that has market players, including futures traders and speculators, pushing the market to a more bullish place. CME Group wheat futures are at near six-year highs and while there is still adequate supply worldwide, the biggest exporters could see those stocks dwindle quickly on strong demand from major wheat buyers like China. See all the latest from the world wheat trade here.