Wheat Prices Jump After Russia Pulls Out of Deal Allowing Grain Shipments From Ukraine

Contributing sentiments towards policy:

46% :Wheat futures jumped but then reversed course after Russia announced it was pulling out of a deal brokered by the United Nations allowing Ukraine to export grain through the Black Sea.
34% : Ukraine is one of the world's biggest suppliers of wheat, and following Russia's invasion, Moscow blocked grain shipments from leaving the country until the United Nations and Turkish President Recep Tayyip Erdogan hammered out a plan to end the blockade.
28% : European Commission President Ursula von der Leyen wrote on Twitter that she "strongly condemns Russia's cynical move to terminate the Black Sea Grain agreement," adding that the European Union (EU) "is working to ensure food security for the world's vulnerable."

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