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.
No wonder stock market cheerleaders don't want us to look at 2009's Dow 10K in terms of purchasing power: The results are sobering. For example, 1999's Dow 10K bought 8,300 gallons of gasoline, but 2009's version buys just 4,000.





