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Wheat Prices Jump, Signaling More Food Inflation

Wheat Prices Jump, Signaling More Food Inflation

A poor harvest of spring wheat and concern over the winter crop have pushed prices for the grain to their highest levels in years and signal more food inflation ahead.

Drought across the Northern Hemisphere is the main culprit. Strong demand around the world, snarled supply lines and rising costs of farm inputs, like fertilizer and fuel, are contributing.

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