If you keep track of the retail price of wheat flour, you'll see that you've had a delay in the increase in price. I make my own bread and flour has been around $0.50/lb since Thanksgiving. You could usually find it on sale for $0.20/lb before that. Ho hum.... At least I don't feel so bad about stretching it with organic rye flour....

I notice that Europe is moving quickly to ban imports of some biofuels. I mentioned this on the prior article but it looks as though they have worked out their draft. The main concern is with preserving forests and grasslands but I expect that they'll move against displacing food soon, probably by going after nitrogen inputs. It is amazing what contortions the WTO puts us through.

Chris