El Nino is rapidly turning into La Nina, and it will affect grain prices. Usually we see prices move closer to June, but the weather is already setting up. Next week a Polar Vortex is rolling through the Midwest, and Canada, and Canada is already reporting a significantly reduced crop and with a warm February/March the wheat crop is sprouting. A freeze will be devastating.
http://www.accuweather.com/en/weather-news/fresh-round-cold-snow-rain-unsettled-weather-west/56286017
http://www.agweb.com/article/canada-reduces-wheat-output-forecast-as-weather-hurts-crops/
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