"Price-of-Bread Alert" -- Market Sees Climate-Driven Wheat-Harvest Shortfall
"Global wheat crops are taking it on the chin, thanks to a drought and fires in Russia, too much rain in Canada, and locusts in Australia. Prices are at levels not seen in almost two years. ...
Early this week, prices broke through the $7-a-bushel level for September delivery, the highest price in almost two years, although they have since fallen back slightly.
Overall, wheat prices are up around 50% since June."
SEE ALSO:Source: NPR, 08/04/2010