Wheat prices drop under $7

Wall Street has had quite a run this year, and continues to hit new milestones. The Dow Jones, for example, finished above 16,000 for the first time last week. Papa john's has gotten a lift from the bull, trading at a new lifetime high with shares up nearly 50 percent year-to-date.

Meanwhile, wheat prices have dropped below the $7 mark and are more than 50 cents lower than they were just one month ago.


Cheese inched up a penny last week on the Chicago Mercantile, averaging $1.82, from $1.81 the week prior.

Prices closed at $1.82 Monday through Thursday, and $1.83 on Friday.


Wheat prices continued to fall last week on the Minneapolis Grain Exchange, averaging $6.96, from $7 even the week prior. Wheat was more than $7.50 a month ago.

Prices closed at $6.95 Monday, $6.97 Tuesday and Wednesday, $6.96 Thursday and $6.97 on Friday.

Gasoline and diesel fuel

The nationwide average price for regular unleaded fuel today is $3.28, a jump from $3.20 last week. According to the AAA and the Oil Price Information Service, prices a month ago were $3.30.

Last year at this time, consumers were paying $3.42 at the pump.

Today's mid-range unleaded is $3.45, from $3.38 the week prior. Premium gas is $3.62, from $3.56 last week.

Diesel fuel prices are averaging $3.82, from $3.81 the week prior. The price of diesel fuel was $3.86 a month ago and $4.01 last year.

Natural gas

Natural gas spot prices fell slightly over most of the country, with the exception of prices in the Northeast. The Henry Hub spot price declined from $3.68/MMBtu Nov. 13 to $3.62/MMBtu Nov. 20.

At the New York Mercantile Exchange, however, the December 2013 contract rose from $3.566/MMBtu Nov. 13 to $3.674 Nov. 20.

Pizza company stocks

Shares of Pizza Hut parent Yum! Brands Inc. closed out last week at $74.92, up from $73.34 the week prior, and $69.80 two weeks ago. The company hit a new 52-week high earlier in the day on Friday, at $78.68. Its 52-week low was in early February, at $59.68.

Domino's finished last week at $69.15, down slightly from $69.15 the week prior. DPZ hit a new 52-week high earlier in the week, at $70.10. Its 52-week low was $40.30 a year ago.

Papa John's shares jumped to $85.34, from $78.44 the week prior and nearly $10 higher than two weeks ago, at $75.96. The company hit an all-time high earlier in the week, at $86.55. Its 52-week low was $49.88 a year ago.

CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed out last week at $46.53, up from $45.34 the week prior. The company hit a fresh 52-week high earlier in the week at $47.83. Its low was a year ago at $28.95.

Pizza Inn Holdings closed out last week at $8.69, up from $8.49 the week prior. The company's 52-week high was $9.18 in May. It traded as low as $3.03 a year ago.

Read more about supply chain news.

Photo provided by Wikimedia.

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