Drought leaves U.S. Plains wheat vulnerable to freeze damage.

A combination of delays to autumn planting and dry conditions in the southern U.S. Plains have left the hard red winter crop vulnerable to freeze damage, crop experts said, which could further tighten supplies of high-protein wheat. A cold spell is forecast for later in December. Any freeze in coming months could pose an outsize threat to supply, given there is already a shortage of high-protein wheat. U.S. data in January is expected to show farmers have planted even less winter wheat than a year ago, when U.S. acreage fell to the lowest level since 1909. Global supplies of lower-quality wheat are in abundance, but high-protein wheat is tight. Low protein levels in the last two U.S. HRW wheat harvests have sent millers and bakers scrambling to find enough supplies of top-quality grain.