EU Envoy To UN Says EU Remains Open To Exploring Solutions With Un That Could Contribute To Resumption Of Black Sea Grain Deal
Portfolio Pulse from Happy Mohamed
The EU envoy to the UN has stated that the EU is open to exploring solutions with the UN that could contribute to the resumption of the Black Sea grain deal, according to Reuters.
July 21, 2023 | 4:20 pm
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NEUTRAL IMPACT
The potential resumption of the Black Sea grain deal could have a minor impact on the SPY ETF.
While the SPY ETF tracks the S&P 500 and is not directly linked to grain prices, changes in global trade deals can have ripple effects on the broader market.
CONFIDENCE 60
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
The potential resumption of the Black Sea grain deal could have a minor impact on the VGK ETF.
While the VGK ETF tracks the European stock market and is not directly linked to grain prices, changes in global trade deals can have ripple effects on the broader market.
CONFIDENCE 60
IMPORTANCE 20
RELEVANCE 30
POSITIVE IMPACT
The potential resumption of the Black Sea grain deal could impact the price of CORN ETF.
The Black Sea region is a major exporter of corn. Any changes in the grain deal could affect the supply and demand dynamics, potentially impacting the price of the CORN ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The potential resumption of the Black Sea grain deal could impact the price of SOYB ETF.
The Black Sea region is a major exporter of soybeans. Any changes in the grain deal could affect the supply and demand dynamics, potentially impacting the price of the SOYB ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The potential resumption of the Black Sea grain deal could impact the price of WEAT ETF.
The Black Sea region is a major exporter of wheat. Any changes in the grain deal could affect the supply and demand dynamics, potentially impacting the price of the WEAT ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70