Wheat futures may have come down with analysts talking about the rains in China alleviating some of the stress, but it should be noted that this is an area where the drought is classified as severe, and a few days of rain, totaling under 2″, is not the sign of a reversal. The maps below show the rain in the drought affected region of the North China Plain over the last two days, and while this moisture is very much needed, a consistent rainfall pattern will be necessary if the yield limitations that we had discussed are to be avoided.