Kremlin Said Grain Deal Is On Hold, No Progress Yet -
Portfolio Pulse from Charles Gross
According to Reuters citing Russia's Tass, the Kremlin has announced that a grain deal is currently on hold with no progress made yet.
September 12, 2023 | 9:07 am
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NEGATIVE IMPACT
The grain deal being on hold may impact the performance of the Teucrium Soybean Fund (SOYB).
The Teucrium Soybean Fund (SOYB) is an ETF that invests in soybean futures. If the grain deal is on hold, it could potentially affect the price of soybeans and therefore the performance of the fund.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The grain deal being on hold may have a minor impact on the SPDR S&P 500 ETF (SPY).
The SPDR S&P 500 ETF (SPY) tracks a broad market index and includes companies from various sectors. The grain deal being on hold may have a minor impact on the overall market and therefore the ETF.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
The grain deal being on hold may have a minor impact on the Vanguard FTSE Europe ETF (VGK).
The Vanguard FTSE Europe ETF (VGK) tracks a broad market index and includes companies from various sectors. The grain deal being on hold may have a minor impact on the overall market and therefore the ETF.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
The grain deal being on hold may impact the performance of the Teucrium Wheat Fund (WEAT).
The Teucrium Wheat Fund (WEAT) is an ETF that invests in wheat futures. If the grain deal is on hold, it could potentially affect the price of wheat and therefore the performance of the fund.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70