Americans already facing high grocery bills could face a broader round of food price increases as rising grain, diesel and fertilizer costs put new pressure on farmers, food producers and retailers.
Corn and wheat prices have climbed to their highest levels in more than three years as wars, higher energy costs and difficult weather conditions disrupt agricultural markets. Wheat is used in bread, pasta and other staples, while corn is a major livestock feed, meaning sustained increases can eventually raise production costs for meat, dairy, eggs and a range of packaged foods.
