NATO Monitors Russian Naval Drills Near Finland and Norway
April 24, 2025: NATO closely monitors a series of Russian naval exercises in the northern waters near Finland and Norway amid heightened military activity
- April 25, 2025 10:15 pm
- California
April 20, 2022: -On Monday, the increased price of corn reached another milestone as the cost of global commodities kept on pushing high.
The contracts for July corn futures were trading at more than $8 per bushel on Monday, the highest level since September 2012. The arrangements were trading near $6 per bushel at the start of the year.
Corn is just one of a few agricultural commodities that have seen surging prices in recent weeks because of the war in Ukraine. Ukraine is a huge exporter of wheat and other items, like sunflower oil, while Russia is a crucial producer of grain and many chemicals used in fertilizer. That leads futures traders to bet that higher input costs and more demand for corn as a substitute food item will drive up the price. Even before the war, agricultural commodities saw upward pressure amid supply chain disruptions and high transportation costs that contributed to inflation throughout the economy. Drought in the western U.S. and elsewhere has also driven prices higher.
In addition to global supply concerns, which hits agricultural commodities broadly, corn has a potential source of additional demand.
President Joe Biden announced in the previous week that his administration would temporarily allow the sale of higher-ethanol gasoline over the summer to offset rising energy costs. Summer is typically one of the highest-demand periods for gasoline in the U.S.
The rising price of corn and different food commodities contributes to the highest inflation rate the U.S. has seen since the 1980s, which leads the Federal Reserve to start raising interest rates. Few economists and Wall Street strategists are worried that, in trying to slow inflation, the central bank could tip the country into a recession.
The World Bank warned that global food insecurity was likely to increase this year due to the higher prices.
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Manufacturers often struggle with generating accurate and timely quotes, delaying customer responses and risking profitability. Traditional quoting processes can take days or even weeks, while customers expect responses within 24 hours. Micro Estimating Systems addresses these challenges with advanced software that allows users to generate highly accurate quotes in minutes. By integrating with shop-specific data and automating feature recognition, their solutions ensure precision and speed, empowering manufacturers to make informed decisions and enhance their operational efficiency.
Manufacturers often struggle with generating accurate and timely quotes, delaying customer responses and risking profitability. Traditional quoting processes can take days or even weeks, while customers expect responses within 24 hours. Micro Estimating Systems addresses these challenges with advanced software that allows users to generate highly accurate quotes in minutes. By integrating with shop-specific data and automating feature recognition, their solutions ensure precision and speed, empowering manufacturers to make informed decisions and enhance their operational efficiency.
Manufacturers often struggle with generating accurate and timely quotes, delaying customer responses and risking profitability. Traditional quoting processes can take days or even weeks, while customers expect responses within 24 hours. Micro Estimating Systems addresses these challenges with advanced software that allows users to generate highly accurate quotes in minutes. By integrating with shop-specific data and automating feature recognition, their solutions ensure precision and speed, empowering manufacturers to make informed decisions and enhance their operational efficiency.