War Impacts May soybeans are now within a penny of their value two weeks ago, and May corn is back up to within half a percent of its price at that time. The S&P closed above 7,000 for the first time, and the Nasdaq hit a record high.  The cost of gasoline is about 15 percent higher than the long-term historical average in the U.S. These products are fungible, but the war has had larger impacts in less fluid (less competitive, more policy-constrained) markets. Still, the war gets blamed for everything. Luxury goods makers in Europe blame the war for their product sales being down 25 percent, though only 6 percent of their goods are sold in the Middle East. Market analysts describe ongoing soft market conditions for such goods, mean...