From the St. Paul Pioneer Press:
The highest wheat price in U.S. history - more than $15 a bushel - was reached Thursday in Minneapolis as a trading frenzy inflames the grain markets, fans fears of spiking food costs and revives worries about food shortages.
With wheat stockpiles dwindling, a worldwide scramble is under way for bushels of high-protein spring wheat, the variety grown in Minnesota and the Dakotas and traded at the Minneapolis Grain Exchange. Already, spring wheat prices have tripled in the past year and are poised to move even higher....MORE
Here are some of our posts on wheat:
Making Ethanol from Wheat is Stupid
Market slices,Crisis in Prices: Wheat
Cash In On Rising Food Prices
Ensus Wheat Ethanol Plant Construction On Plan, Despite Odds
Food Riots in Indonesia. And "Thieves Target Kansas Grain Elevators"
Japan to Increase Emergency Stockpiles of Grains, Yomiuri Says
The End of Cheap Food- What was Old is New Again AND: Profiting from Politics
The Dynasties that Own Manhatten
Get ready to ante up more for beer