Parched Kansas Wheat Boosts Prices of Panera Bread, Wheaties
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Wheat production in Kansas, the second-largest U.S. grower, probably will drop as dry weather persists, threatening to increase costs for breadmakers and restaurants that are already boosting prices.
The state’s winter-wheat crop was in the worst shape in 15 years as of yesterday, after drought across the Great Plains dimmed prospects for the harvest that starts in June, government data show. Less output would erode inventories already expected to drop 14 percent in the U.S., the world’s biggest exporter.