Wednesday, September 19, 2007

Daily Bread

First it was corn prices moving up because of the demand caused by ethanol and some shortages due to weather. Now it looks like wheat is the next victim. For a lot of us a few pennies here and there on the cost of a "Twinkie" or a bagel is no big deal but for people already pinched by gas prices and other food prices going up this is going to hurt.

Wheat futures hit a record of $8.87 a bushel in Chicago trading last week before retreating to $8.75 on Monday. Still, that's a huge jump from $3.95 a year ago.
Oh, and never mind that Global Warming thing Bush.

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