01 April 2023
15 min reading
The Grain Corridor as a Russian price tool
Each smart trader has its own price tools. The bigger the trader - the more global are the tools. In 2022, Russia invented its new tool in the form of war against another grain giant – Ukraine. Prices for all major commodities rerouted their way. The Grain Corridor became the sluiceway for Ukrainian grains, and Russia feels like a commander, telling prices to make pushups. On 18 March, the deal was prolonged, however, it has not provided support to the prices, as Russia said it wanted the agreement to be extended for 60 days instead of 120 days, that is painful for Ukrainian exports, and still, there is no clear official information about the period of the deal validity.