Russia won’t return to Ukraine grain deal unless demands are met

News Snapshot:

There continues to be some uncertainty surrounding global grain prices as Russia and Turkey wrapped up talks discussing a resumption of the Black Sea Grain Initiative. On shaky ground since first signed in July 2022, the U.N.-backed agreement sought to guarantee the safety of the food supply chain despite attacks on grain export facilities, slow ship inspections and uncertain renewal deadlines. It's a big deal, as Ukraine is one of the world's largest suppliers of wheat and corn, and produces about half of the globe's sunflower oil. Snapshot: The war contributed to an extremely volatile environment for global grain prices...