Ukraine's Zelenskiy Tells World Leaders At UN That Russia's Trying To Weaponize Global Food Shortage In Return For Recognition Of Some, If Not All, Of The Ukrainian Territory It Has Captured
Portfolio Pulse from Benzinga Newsdesk
Ukrainian President Zelenskiy has accused Russia of attempting to weaponize the global food shortage in exchange for recognition of the Ukrainian territory it has captured. This could potentially impact global food prices and related ETFs.
September 19, 2023 | 6:11 pm
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POSITIVE IMPACT
The situation in Ukraine could potentially lead to an increase in corn prices due to the global food shortage.
Ukraine is a major exporter of corn. Any disruption in its supply due to the ongoing crisis could lead to an increase in corn prices.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
The ongoing crisis in Ukraine could potentially lead to an increase in soybean prices due to the global food shortage.
Ukraine is a major exporter of soybeans. Any disruption in its supply due to the ongoing crisis could lead to an increase in soybean prices.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
The situation in Ukraine could potentially lead to an increase in wheat prices due to the global food shortage.
Ukraine is a major exporter of wheat. Any disruption in its supply due to the ongoing crisis could lead to an increase in wheat prices.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
The ongoing crisis in Ukraine could potentially impact the overall market, affecting the SPY ETF.
The ongoing crisis in Ukraine could lead to market instability, which could negatively impact the SPY ETF.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
The ongoing crisis in Ukraine could potentially impact the European market, affecting the VGK ETF.
The ongoing crisis in Ukraine could lead to market instability in Europe, which could negatively impact the VGK ETF.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60