What's Drought Got to Do With the Price of Wheat In America?

Answer: A LOT! Wheat has leaped higher today!

Only 33% of the winter wheat crop is on good condition.
25% of the winter wheat crop is already destroyed, and it's only November!

Here's the proof:

Wheat is up nearly 2% today -- more than any other commodity! Soybeans is up sharply, too.

from Reuters today:

By Michael Hirtzer
    CHICAGO, Nov 27 (Reuters) - U.S. wheat futures jumped 1.5
percent to a two-week high on Tuesday as condition ratings
declined to a record low ahead of the crop's winter dormancy,
underlying supply tensions following a string of
weather-affected harvests around the world.
    Corn and soybean futures also traded at the highest levels
in about two weeks, with soybeans rising the third straight
session and corn the second consecutive day, bolstered by
month-end investment fund buying, analysts said.