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:
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.