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Russia completely pulls out from the UN/Turkey initiated Black Sea grain deal. The Russian military have targeted Ukrainian grain silos. Reports are that they, the Russian navy via missile attacks, have destroyed 60,000 tons of grain.

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Wheat futures rally 3% on Russia 'terminating' the Black Sea Grain deal after the Crimea bridge attack.

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Wheat futures bid on the possibility that the Black Sea Grain deal may not be renewed. Betting on Turkey's President Tayyip Erdogan to appease Russian demands, maybe a market misprice. Wheat price looks supported for further gains.

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