Wheat tops $9 mark for first time
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Wheat prices surge to record levels on international markets, triggering the threat of rising bread prices.
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Kellogg Co  reported a 9 percent rise in quarterly profit on Monday but forecast 2008 earnings below Wall Street estimates due to higher commodity costs and expenses for reinvesting in its business.
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AWB Ltd., Australia&#39;s monopoly wheat exporter, won a contract worth about A$340 million ($267 million) to supply China National Cereals, Oils and Foodstuffs Corp.
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U.S. producer prices rose a  steeper-than-expected 0.5 percent last month as food prices  jumped, the government said on Tuesday, leading markets to  boost bets for another interest rate hike from the Federal  Reserve.
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READING, Pa. - A woman will collect $760 for a bowl of cereal with an image resembling the Philadelphia Eagles' logo that she put on online auction site eBay.  Caryl L. Ludwig said that the image formed out of green Apple Jacks pieces in her daughter's green breakfast bowl.
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U.S. producer prices edged up just  0.1 percent in September, held back by a big energy-price drop,  but the cost of non-energy items picked up steam, a government  report showed on Friday.
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Gold surged 2 percent to trade above  $900 on Thursday and platinum hit a historic high, as investors  snapped up the metals on dollar weakness and firmer oil prices,  analysts said.
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U.S. producer prices shot up 1.7  percent last month, the biggest gain in nearly 15 years and  well above expectations, as energy costs skyrocketed and food  prices surged, a government report showed on Tuesday.
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The company posted first-quarter profit of $288.9 million as rising revenue offset higher ingredient costs and increased spending on marketing.
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AFTER 7 years of operation, Australian online media heavyweight ninemsn has recorded its first annual profit of $14.4 million. The result compares with a net loss of $800,000 in 2003, which excluded the company&#39;s
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It&#39;s been a lousy fall for grocery shoppers. First the cost of tomatoes set new records, and now those lucky enough to find grapefruits can expect to pay more than $1 a piece.
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THE Australian dollar strengthened today as some commodity-based trading helped pushed the domestic unit higher. At 7am (AEST) the local unit was trading at $US0.
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Investment bank Goldman Sachs  has  raised its outlook for Chicago wheat futures by 47 percent to  $13.50 a bushel after the U.S. Department of Agriculture cut  projected 2007/08 U.S. wheat ending stocks.
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Scientists have found a way to boost the protein, zinc and iron content in wheat, an achievement that could help bring more nutritious food to many millions of people worldwide.
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Gold hit another record high on Monday and may touch the psychological level of $900 an ounce soon as uncertainty in financial markets and expectations of aggressive U.S. rate cuts raised its safe-haven appeal.
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01/10/2004 The Big G cereal division of General Mills, known for Cheerios, Wheaties and Trix cereals, is announcing it will become the first leading food company to make all of its breakfast cereals with whole grain, providing Americans with more than 1.5
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U.S. producer prices edged up just 0.1 percent in September, held back by a big energy-price drop, but the cost of non-energy items picked up steam, a government report showed on Friday.