I'm not sure how many of you help your parents with grocery shopping, but you should ask them about food prices over the past 6 months. Most of our wheat is grown in Texas, Oklahoma, and Kansas.
Next, check out the NOAA Drought Monitor: NOAA Drought Monitor Link
Notice also that in addition to the south central US (southern plains), a large portion of the deep south/southeast US is also experiencing a significant drought. Guess what the primary agriculture is there. Not sure...peanuts and cotton are two of the biggest.
Combine all of this with disastrous wheat harvests for Russia and Australia during their previous harvest seasons and what do you get? Global grain and commodity shortages and rising prices. Ouch.
