The following is from a report in the Capital Press, an agriculture news paper.
"The May 2022 wheat futures price on the Chicago market is $12.94 per bushel. On February 17 the May price was $7.81 per bushel. This is the biggest jump in 50 years. "
This is good news for farmers, but not so good for the consumer. Right now the average cost of one bag of groceries for one person per week is $61.20 and that does include eating out. With the rising cost of fuel and transportation can you imagine what a loaf of bread will cost in a few months?
You can attribute the increases to "Putin's price hikes" .... or more simply, the cost of freedom for an independent, sovereign nation wishing to be a democracy and align with the west.
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