A flour shortage in the U.S.?

Off of the Reuters wire:

WASHINGTON (Reuters) – Already feeling the pinch from soaring wheat and flour prices, U.S. bakers are now beginning to experience some supply shortages.

Rye flour stocks have been depleted in the United States, and by June or July there will be no more U.S. rye flour to purchase, said Lee Sanders, senior vice president for government relations and public affairs at the American Bakers Association.

(snip)

For bakers, rye grain is not the only supply stock that is declining. In the past the market has typically had a three-month surplus of wheat stocks to serve as a cushion against supply interruptions, but now the surplus is down to less than 27 days worth of wheat, Sanders said.

Not being a baker, I have no idea how serious this is or is not. But it does sound rather ominous, doesn’t it? Can anyone fill in the gaps of my ignorance on this topic?

On the other hand, I suppose we have no end of available corn meal.