Has anyone experienced an abnormal spike in the cost of flour? I am a futures broker by trade and have watched the price of wheat more than double in the past year-and-a-half or so. We are all used to rising petroleum prices being reflected in more expensive fill-ups, but I am curious how other commodities react to large changes in raw materials. Coffeee and olive oil went nuts in the mid-'90s - is flour costing more lately?
If I do this right, this link should take you to a chart of wheat prices for the past two years:
Barchart.com - Charts - ZWU7 WHEAT [E] September 2007 CBOT