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July 11, 2012 at 18:45 PM EDT
How Will the Drought Affect Consumer Food Prices?
Over the last 30 days corn is up 18.9 percent, wheat is up 30.9 percent, and soybeans have seen a 6.8 percent rise. These big moves are sparking concerns that products that use them will see price increases, especially with respect to corn.
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General Mills, Inc.
J.M. Smucker Co.
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