Wheat prices surged in July by the biggest amount in a half-century

DROUGHT SENDS WHEAT SKYROCKETING

Wheat prices surged in July by the biggest amount in a half-century as severe drought in Russia and other former Soviet republics destroyed grain crops.

* Wheat prices rose $1.97 a bushel, or 42 percent, this month and are at their highest level since September 2008.

* September corn contracts jumped 13.5 cents, or 3.6 percent, to $3.9275 a bushel, and November soybeans added 17 cents to $10.05 a bushel.


Source: modbee.com