Since Russia invaded Ukraine, wheat futures have dropped by more than 50% from record highs. Ukraine said on Monday no more talks had been scheduled this week. The two are among the world's biggest exporters and supply some of the poorest countries. The two sides could extend the agreement, but Russia says it will walk unless its demands to remove obstacles to its own exports are met. Russia and Ukraine have until May 18 to extend the Black Sea grain deal, which last year allowed the safe passage of Ukrainian exports to help tackle a global food crisis. Reuters Graphics 3/ GOING AGAINST THE GRAIN Host nation Japan has more at stake than many in this standoff: It is the largest foreign holder of U.S. That would complicate a reported side summit with Japan and South Korea on strengthening security cooperation. With bipartisan divides running deep, President Joe Biden has hinted he may not even make it to Hiroshima at the weekend. Treasury Secretary Janet Yellen told Reuters on Saturday she was "hopeful" there would be a solution to the impasse over the government's debt ceiling.īut as world leaders prepare to meet at a G7 summit in Japan for discussions on everything from the climate to the war in Ukraine, many may be distracted by the question of how a potentially disastrous U.S. Here's a look at the week ahead in markets from Kevin Buckland in Tokyo, Lewis Krauskopf in New York and Amanda Cooper, Naomi Rovnick and Karin Strohecker in London.
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borrowing limit, time runs short for Russia and Ukraine to agree on how to keep grain exports flowing and Turkish voters count the days to a second round of voting.
May 12 (Reuters) - Right now, it's all about deadlines, as lawmakers race to thrash out a deal on the U.S.
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