CHICAGO — This summer, a prolonged, severe drought led Russia — one of the worlds largest wheat exporters — to ban exports of the crop. The result was a significant spike in wheat prices on the world's futures markets. Many producers feared a repeat of the food crisis of 2007 and 2008, when a combination of factors including rising global demand, federal ethanol mandates in the U.S. and non-commercial speculation on the commodities markets sent the price of corn, wheat and soybeans soaring, ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.