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Grain Markets on Edge for Escalation After Russia Warns on Ships

  • Wheat spiked on Monday after Russia suspended deal involvement
  • Three more ships departed from Ukraine on Tuesday, UN says
The Port of Odesa in Ukraine, on Aug. 19, 2022. 

The Port of Odesa in Ukraine, on Aug. 19, 2022. 

Photographer: Yulii Zozulia/Ukrinform/Future Publishing/Getty Images

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Grain markets steadied on Tuesday, with farmers and traders on alert for Russia’s next moves as ships continue to move through Ukraine’s safe-passage corridor despite repeated warnings from Moscow.

Three more crop vessels departed Ukraine on Tuesday, the United Nations said, and the 12 ships that left yesterday have cleared the corridor safely. No new ships headed for Ukraine through the corridor. Wheat futures fell 0.9% in Chicago after surging 6.4% on Monday, and corn was little changed.