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U.S. hard red winter wheat represents nearly half of the country's overall wheat production and is milled mainly for bread flour. A reduced crop could further stoke food inflation that the United Nations Food and Agriculture Organization (FAO) said was the highest-ever in February. The FAO's Food Price Index averaged 140.7 points last month, a 20.7% increase from a year earlier and surpassing the 2011 record.

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