Russia Said It Is Pulling Out Of Black Sea Grain Deal
Portfolio Pulse from Charles Gross
Russia has announced its decision to withdraw from a Black Sea grain deal. This could potentially impact the prices of grain commodities and related ETFs.
July 17, 2023 | 9:47 am
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NEUTRAL IMPACT
The withdrawal of Russia from the Black Sea grain deal could potentially impact the price of corn and thus the CORN ETF.
Russia's decision to pull out of the grain deal could lead to changes in the global grain market, potentially affecting the price of corn and the CORN ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The withdrawal of Russia from the Black Sea grain deal could potentially impact the price of soybeans and thus the SOYB ETF.
Russia's decision to pull out of the grain deal could lead to changes in the global grain market, potentially affecting the price of soybeans and the SOYB ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The withdrawal of Russia from the Black Sea grain deal could have indirect effects on the broader market, potentially impacting the SPY ETF.
While the SPY ETF is not directly linked to grain commodities, changes in the global grain market could have ripple effects on the broader market, potentially impacting the SPY ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The withdrawal of Russia from the Black Sea grain deal could have indirect effects on the European market, potentially impacting the VGK ETF.
While the VGK ETF is not directly linked to grain commodities, changes in the global grain market could have ripple effects on the European market, potentially impacting the VGK ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The withdrawal of Russia from the Black Sea grain deal could potentially impact the price of wheat and thus the WEAT ETF.
Russia's decision to pull out of the grain deal could lead to changes in the global grain market, potentially affecting the price of wheat and the WEAT ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70