Wheat and corn futures in United States tumbled on deal in war

U.S. wheat and corn futures tumbled in overnight trading after Russia agreed to resume a trade deal that allows for shipments of agricultural products from Ukraine, according to information reported by agriculture.com. The news comes just days after the Russian government suspended the agreement - called the Black Sea Grain Initiative - saying it could no longer guarantee the safety of civilian vessels crossing corridors it said were safe. Ukraine reportedly sent written assurances to Russia saying it would only use the corridor for agricultural shipments, despite having previously said it would not use the transport routes for military operations, Bloomberg reported. Corridor shipments will resume today, Turkish President Recep Tayyip Erdogan said. Still, the United Nations said in a statement on Tuesday that shipments would be suspended on Wednesday. Two ships - one from Chornomorsk bound for Libya carrying 22,800 metric tons of wheat and one from Yuzhny/Pivdennyi heading to ...