Using the Backyard Grill This Summer Just Got More Expensive - DailyFinance

Using the Backyard Grill This Summer Just Got More Expensive - DailyFinance: "Contracts for future deliveries of corn, soybeans and wheat prices surged to the most permitted by the Chicago Board of Trade in a single day. Corn was up 4.5%, soybeans were up 3.25% and wheat was up 5%. So far in the past year, corn prices have risen by 87%, soybeans have jumped 41% and wheat has climbed 54% -- thanks in part to bad weather in Russia and Australia, two major wheat producers. The surge in prices on the futures exchanges was in reaction to a report by the U.S. Department of Agriculture that stockpiles of corn measured at the beginning of March had fallen 15% from their levels a year ago."