U.S. Wheat Production Problems Could Worsen Food Inflation ...Middle East

The spread between hard-red winter wheat and soft-red winter wheat has blown out to a record high as drought threatens crop yields across the Midwest and other major farming regions. Hard-red winter wheat's premium over soft-red winter wheat is $1.72 a bushel in Chicago on Tuesday morning, surpassing the 2011 record. James Bolesworth, managing director at CRM AgriCommodities, told Bloomberg the widening spread is "a factor of the drought in the US Plains which is detrimentally impacting crop conditions." The latest report from…

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