Wheat prices hit record high

Wheat prices hit last week an all-time high in Chicago on fierce global demand and flagging output.
The price of wheat in Chicago surged to an all-time closing high of 7.225 dollars a bushel on Thursday, beating the previous record finish that was set in 1996.
Wheat prices are rocketing to historic heights due to a "smaller (global) wheat crop" while "demand is still growing," said Allendale analyst Joe Victor.