White House Says Russia's Suspension Of Black Sea Grain Deal 'will Worsen Food Security', Harm Millions; Urge Russia To Immediately Reverse Decision
Portfolio Pulse from Happy Mohamed
The White House has urged Russia to reverse its decision to suspend a Black Sea grain deal, stating that it will worsen food security and harm millions. This decision could potentially impact the prices of commodities and related ETFs.
July 17, 2023 | 1:58 pm
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NEGATIVE IMPACT
The suspension of the Black Sea grain deal by Russia could potentially impact the price of corn and related ETFs like CORN.
The suspension of the grain deal could lead to a decrease in the global supply of grains, potentially driving up the price of corn and negatively impacting the CORN ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The suspension of the Black Sea grain deal by Russia could potentially impact the price of soybeans and related ETFs like SOYB.
The suspension of the grain deal could lead to a decrease in the global supply of grains, potentially driving up the price of soybeans and negatively impacting the SOYB ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The suspension of the Black Sea grain deal by Russia could potentially impact the overall market and related ETFs like SPY.
The suspension of the grain deal could lead to a decrease in the global supply of grains, potentially causing market instability and negatively impacting the SPY ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The suspension of the Black Sea grain deal by Russia could potentially impact European markets and related ETFs like VGK.
The suspension of the grain deal could lead to a decrease in the global supply of grains, potentially causing market instability in Europe and negatively impacting the VGK ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The suspension of the Black Sea grain deal by Russia could potentially impact the price of wheat and related ETFs like WEAT.
The suspension of the grain deal could lead to a decrease in the global supply of grains, potentially driving up the price of wheat and negatively impacting the WEAT ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70