Ukraine's Zelenskiy Says Sent Letter To Turkey's Erdogan And UN's Guterres Calling For Grain Agreement To Continue
Portfolio Pulse from Happy Mohamed
Ukraine's President Zelenskiy has sent a letter to Turkey's Erdogan and UN's Guterres, calling for the continuation of the grain agreement. This could potentially impact the prices of grain-related ETFs.
July 17, 2023 | 7:53 pm
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NEUTRAL IMPACT
The grain agreement does not directly affect soybeans, so the impact on SOYB ETF is likely to be minimal.
The grain agreement primarily concerns corn, not soybeans, so the impact on the SOYB ETF is likely to be minimal.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
The grain agreement does not directly affect the US market, so the impact on SPY ETF is likely to be minimal.
The grain agreement primarily concerns Ukraine and Turkey, not the US market, so the impact on the SPY ETF is likely to be minimal.
CONFIDENCE 90
IMPORTANCE 10
RELEVANCE 20
NEUTRAL IMPACT
The grain agreement does not directly affect the European market, so the impact on VGK ETF is likely to be minimal.
The grain agreement primarily concerns Ukraine and Turkey, not the broader European market, so the impact on the VGK ETF is likely to be minimal.
CONFIDENCE 90
IMPORTANCE 10
RELEVANCE 20
POSITIVE IMPACT
The continuation of the grain agreement could potentially stabilize or increase the price of CORN ETF.
The grain agreement ensures a steady supply of corn, which could stabilize or increase the price of the CORN ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The continuation of the grain agreement could have a positive impact on the Turkish economy and therefore the TUR ETF.
The grain agreement ensures a steady supply of grain to Turkey, which could have a positive impact on the Turkish economy and therefore the TUR ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
The grain agreement could potentially stabilize or increase the price of WEAT ETF.
The grain agreement ensures a steady supply of wheat, which could stabilize or increase the price of the WEAT ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70