Futures files
Ready for thin crust? Wheat prices were screaming higher all week, with spring wheat—used in pizza and bagels—jumping over $10.00 per bushel. Kansas hard red winter wheat—used for bread—rose sharply as well. Extreme heat in the central plains provided fuel, although a weak dollar and plenty of bullish news added to the upward sentiment. Eight more counties in California were declared in extreme drought, meaning the entire state is in a state of emergency. Crops in Brazil and China are also in trouble. Brazil’s severe drought created an energy crunch due to a shortage of ...