Look what this article says about this season's wheat and corn crops.
Dennis Gartman: Wheat, Corn Facing Amber Waves of Pain
Specifically, a drought in Europe and flooding in the U.S. are crushing this year's crop sending supply expectations considerably lower.
“The hard red winter wheat crop may not be made at all. Also we may not get corn into the ground in time. And we’re not getting the spring wheat crop planted in time. It’s a perfect storm,” he says.