Fear Not, Pasta Lovers: Your Meal Is Safe From Wheat's Surge
- U.S. inventories biggest in 11 years, even as 2017 crop wilts
- Cost of grain only a small portion of cost to make most foods
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The unsold wheat sitting inside Buzz Mattelin’s grain silos in Montana should offer some comfort to American noodle lovers.
Benchmark wheat futures in Chicago have jumped more than 37 percent this year -- off to their fastest start since 1979 -- after a plunge in North American planting was followed by drought that’s showing signs of damaging the harvest. That’s raised concern that it will cost more to make all sorts of flour-based foods like bread and pizza and cakes.