Market Fatigue Over Russia-Ukraine War

Ukraine has announced a ‘humanitarian corridor’ to move container ships and other vessels that have been stranded since the war began in February of 2022. This comes at a time when the war in Russia and Ukraine appears to be escalating. “There’s no resolution in sight; you can see a report overnight and we react sharply and by the end of the session, we could be the opposite direction higher or lower, or lower or higher,” said Ryan Kelbrants, broker, CHS Hedging. The war and the Black Sea Region grain supply is not getting much attention in the trade. “Fatigue is a good term to use.”