Grain Market Braces for Price Flurry as Black Sea Corridor in Doubt

[Epoch-Times-Bot]

Grain Market Braces for Price Flurry as Black Sea Corridor in Doubt

PARIS—Wheat futures are expected to leap on Monday as Russia’s withdrawal from a Black Sea corridor agreement puts Ukrainian exports at risk, analysts said.
Moscow suspended its participation in the Black Sea deal on Saturday, in response to what it called a major Ukrainian drone attack on its fleet in Russian-annexed Crimea.
Kyiv said Russia was making an excuse for a prepared exit from the accord while Washington accused Moscow of weaponising food.
Wheat markets have been very sensitive to developments in Moscow’s eight month-old invasion of Ukraine, as both countries are among the world’s largest wheat exporters....

Source: Grain Market Braces for Price Flurry as Black Sea Corridor in Doubt

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