Snowball Time

And not the kind made of wet, packed, snow.  Rather, the kind of snowball that starts rolling downhill and snags everything in its path.  Let’s see…what’s wheat used in?  Oh, yeah…bread (for starters). Just parlay this tidbit into the bigger picture..

Wheat Price Surges Above $10 for First Time on Supply Concerns

Wheat rose above $10 a bushel for the first time, bolstering prices for other grains and oilseeds and stoking inflation. Chicago wheat futures rose as much as 30 cents, or 3.1 percent, to $10.095 as dry weather threatened crops in Argentina, adding [...]