date:Jul 18, 2012
A drought in the US and soaring temperatures in the Black Sea region have created a volatile grain futures market that has led to lower yield estimations for the 2012-13 season. The US Department of Agriculture has projected that global wheat stocks for this season will be at a three year low.
As a result, prices have spiked significantly and Francisco Redruello, senior food analyst at Euromonitor International, said that this volatility across the grains sector will have implications for baker