NEW YORK — The severe drought that has damaged corn and soybean crops in the Midwest may lead to a “modest and gradual uptick” in food inflation next year, according to Deborah Weinswig, an analyst at Citigroup. In a conference call with investors hosted by Citigroup, Lance Girard, a former supply chain manager at Supervalu, said that it was too soon to project significant inflation as a result of the drought, which has been called the worst since the 1950s. He said ...

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