Well, folks, it is just weather. The Russians have lost at least 20% of their grain crops, and it looks like they will lose a major portion of the winter wheat as well. Pakistan just had over 1 million acreas of crops destroyed by flooding. There is also extensive heat and flooding damage to crops in China. European crops, while not as badly affected as the Russian crops, still look to be down by 5% to 10%. Only Australia seems to have an increased potential for a better wheat crop, but only by 1 million tons.