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BREAKING: Wheat tumbles over 5.0% as Erdogan gave guarantees on grain corridor!

11:37 AM 2 November 2022

Wheat prices have fallen sharply today after Turkish President Erdogan announced that the security of the Ukrainian grain export corridor was ensured, and transport was resumed. The Kremlin said that contact with Turkey is continuing, but Russia's participation in the deal remains suspended. Following the statement, wheat price plunged more than 5.0% and corn prices drop by nearly 2%.

Wheat, D1 interval. Source: xStation5

CORN, H4 interval. Source: xStation5

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