Its a case of two extremes drought in parts of the united


Pricier bread and cereal. Coming soon? Wheat and corn prices surged last week and could hit the items in your grocery basket by mid-summer. It's a case of two extremes: drought in parts of the United States and in Europe have sparked fears of a supply crunch of wheat, while supplies of corn are being threatened by flooding and heavy rain in the Midwest.

Use graphs to show why the price of corn has risen and show its effect on the price of cereals.

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Econometrics: Its a case of two extremes drought in parts of the united
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