wheat prices

Why Beer Costs More: A Sudsy Economics Lesson

It feels like the price of a case of beer is higher than it has been since the Babylonians first started fermenting barley 6,000 years ago. But what's behind the rising prices? Turns out, the explanation requires a tour across the economic landscape -- and around the world.

Wheat Prices Spike After UN Warns of China Drought

Wheat prices reached their highest prices in more than two years after a United Nations agency warned that China may face a wheat-supply shortage because of a recent drought, The Wall Street Journal reported.

Why Global Food Price Inflation Really Matters

Fed Chairman Ben Bernanke insists that inflation remains "quite low." That's true, unless you need to eat. Core inflation doesn't take food prices into account, but those critical food prices are soaring around the globe. In fact, the U.N.'s Food and Agriculture Organization says its closely watched food price index hit its highest level ever in January.

Russia's Heatwave Means Higher U.S. Food Prices

Record heat in Russia is hurting its wheat crop, sending the grain's price soaring. This may drive up corn and soybeans prices too, while the cost of coffee and cocoa, chocolate's key ingredient, are rising as well. Get ready to pay more for food.

Russian Heatwave Drives Wheat Prices to 22-Month High

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. Prices for the staple crop have jumped 50% since late June, topping $7 a bushel on the Chicago Board of Trade, BBC News reported.

Dough! Pizza costs go through the roof

hot lips pizzaAlthough I don't eat too much pizza these days, there was a time in my life when the ambrosial mix of flat crust, tomato sauce, and melted cheese was...