Markets Monitor Upcoming Heat, Russian Risk Premium Reduced

On the positive side of things, at least Russia did not do a second night of attacks on the Danube River in Ukraine. That was the driver for the light setback in prices today. Additionally the EU agriculture minister announced the EU was ready to help export almost all needed Ukraine grain exports by land. It has been estimated that 60% of their current exports had been via land and 40% by sea.

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