Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Price of corn hits 9-year high as surge in commodities continues
- The contracts for July corn futures were trading above $8 per bushel on Monday, the highest level since September 2012.
- Corn is just one of several agriculture commodities that has seen surging prices in recent weeks, in part due to the war in Ukraine.
- Even prior to the war, agricultural commodities were seeing some upward pressure supply chain disruptions and high transportation costs that are contributing to inflation throughout the economy.
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