Food Prices Rise to New Highs

Your grocery bill might soon look different. The cost of corn and wheat jumped. These staple crops now trade at their highest prices in over three years.

Several factors push these prices up. Bad weather hurts crops in some areas. Other problems also affect the supply. For example, some countries hold back their grain. These actions limit how much food reaches the market.

Money Morning Live watches these trends. We see how they impact your wallet. Higher grain prices often mean higher costs for bread, meat, and other goods. Shoppers should watch for these changes at the store.

Source: CNBC