Russia withdraws from Ukrainian grain export deal❗

Russia has withdrawn from the operation of the so-called Safe Export Corridor for grains, including Ukrainian wheat and corn, which are posting massive rallies in response. Wheat prices (WHEAT) are gaining more than 5.5% during today's session.

UN-moderated negotiations on the operation of the above agreement were still underway this weekend. Cutting off Ukraine's ability to export grains once again creates the threat of a food crisis in Africa and the Middle East.

Source: xStation

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