Drought causing rise in food prices
Record breaking heat and a withering drought is killing crops not only in the Bluegrass but all across the Midwest. That could mean higher prices for food, especially corn. This drought is shaping up to be the worst in more than 30 years, and corn has been affected the most.
Corn prices have risen 10% in the last few days. Corn is over $7 a bushel. Just to give a historical perspective most of my life corn has been around $3 a bushel and nothing leads to inflation more than increased corn prices. So it's going to have an affect at the grocery store, the gas pump, everywhere
