Wheat prices soar to a two year high as a severe drought forces Russia to stop its exports
01:08
Marcus SchlenchAugust 5, 2010
The drought in Russia is so severe that Moscow has banned all wheat exports through the rest of this year--saying it needs all it can produce at home. On Thursday, wheat futures soared to their highest level in two years as a result. The Russian stop is expected to put more pressure on US wheat supplies and could effect food prices around the world.