Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- Wheat prices soar as Russia-Ukraine tensions flare
- Global inflation is finally coming down, but heightened geopolitical tensions could mean that food is about to get a lot more expensive.
- Wheat futures soared by nearly 9% on Wednesday and are on track to hit their highest level in three weeks as tensions in Europe rise following Russia’s surprise decision to pull out of a crucial deal allowing the export of grain from Ukraine.
- Corn futures were also nearly 2% higher on Tuesday as traders feared an impending supply crunch of the staple foods.
- Moscow’s withdrawal from the wartime deal on Monday threatens to push up food prices for consumers worldwide and could tip millions of people into hunger.
- The White House said the deal had been “critical” to bringing down food prices around the globe, which spiked after Russia invaded Ukraine in February last year.
- “Russia’s decision to suspend participation in the Black Sea Grain Initiative will worsen food insecurity and harm millions of vulnerable people around the world,” Adam Hodge, a spokesperson for the US National Security Council, said in a statement.
- Tensions between the two countries heightened on Wednesday, limiting the possibility that the deal to export critical commodities across the Black Sea will be restarted.
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