The destructive U.S. drought of 2012 grabs all of the headlines, but it is not the only drought being inflicted on an important grain producing region of the world. Drought conditions have caused grain production losses in Russia, Ukraine and Kazakhstan, the countries that combine to supply most of the wheat commonly referred to as Black Sea wheat. Drought-related losses lowered Ukrainian production of wheat and barley, and drought sliced Kazakhstan's wheat production by several million tons. However, it has been Russia where the most significant wheat production losses are occurring.Much of Russia's winter wheat was planted later than usual last fall amid a lack of soil moisture, and then was forced to endure an unusually cold winter eve...