A Tight Situation.

A towering figure.

1. Falling prices for commodities such as wheat or corn are set to slow consumer food price increases, easing pressure on a major driver of global inflation. But economists warn it is too soon to declare victory. Agricultural markets remain volatile and the continuing war in Ukraine, combined with unusually hot and dry weather in Europe and parts of the U.S., could bring new disruptions to food supplies. “We’ll see certainly in the short run adjustments in prices,” said Rob Vos, an economist at the International Food Policy Research Institute. “I would be very cautious in making big projections that things are stabilizing and getting better because we still are in a pretty difficult and tight situation.” (Source: wsj.com)