Russian wheat

As the Russian wheat shortage sends food prices soaring, investors should note that such stories are going to become only more common as the developing world expands. For this and other reasons, the agriculture sector is worth considering.

Prices for the staple crop have jumped 50% since late June, topping $7 a bushel on the Chicago Board of Trade. A prolonged drought in Russia, one of the world's largest wheat exporters, has severely damaged crops, and wildfires have swept through some agricultural areas.