Reuters – Russia’s backtrack from a UN-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries, deepening the global food crisis and sparking gains in prices. Hundreds of thousands of tonnes of wheat booked for delivery to Africa and the Middle East are at risk following Russia’s withdrawal, while Ukrainian corn exports to Europe will get knocked lower.
Biggest FX Mover @ (06:30 GMT) NZDJPY (+0.98%) Extended above 86 area as antipodean are on track for an October gain ahead of RBA tomorrow. 1-hour MAs & RSI & Stochastics flattened but MACD histogram & signal line kept well above 0. H1 ATR 0.179, Daily ATR 1.299.
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