Russia Tells UN Shipping Agency IMO, "The End Of Black Sea Grain Deal Means That The 'Guarantees For Safety Of Navigation Issued By The Russian Side Will Be Revoked"
Portfolio Pulse from Happy Mohamed
Russia has informed the UN shipping agency IMO that the termination of the Black Sea grain deal will result in the revocation of 'guarantees for safety of navigation' issued by Russia. This could potentially disrupt grain shipments, affecting related ETFs.
July 17, 2023 | 2:15 pm
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NEGATIVE IMPACT
The termination of the Black Sea grain deal could disrupt corn shipments, potentially affecting the price of the CORN ETF.
The termination of the Black Sea grain deal could lead to disruptions in corn shipments, which could in turn affect the price of the CORN ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The termination of the Black Sea grain deal could disrupt soybean shipments, potentially affecting the price of the SOYB ETF.
The termination of the Black Sea grain deal could lead to disruptions in soybean shipments, which could in turn affect the price of the SOYB ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The termination of the Black Sea grain deal could have a broader impact on the market, potentially affecting the SPY ETF.
The termination of the Black Sea grain deal could lead to broader market disruptions, which could in turn affect the price of the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The termination of the Black Sea grain deal could have an impact on European markets, potentially affecting the VGK ETF.
The termination of the Black Sea grain deal could lead to disruptions in European markets, which could in turn affect the price of the VGK ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The termination of the Black Sea grain deal could disrupt wheat shipments, potentially affecting the price of the WEAT ETF.
The termination of the Black Sea grain deal could lead to disruptions in wheat shipments, which could in turn affect the price of the WEAT ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80