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Grain Corridor Deal Extended 11/17/22

Russia Confirms Ukraine's Announcement

A deal to extend the Black Sea grain deal was confirmed by Russia's foreign ministry early this morning. That is the reason for the weakness led by wheat. The terms are the same as the original agreement 120 days, no new Ukrainian ports included.

Andrey Sizov says, "Mostly priced in probably...a panic sell-off (if we see it) could be a buying opportunity."

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