Global agribusiness cites mounting export-related challenges.

Smaller harvest, ongoing Russian invasion cause drop.

Claims Ukraine’s shipments have been prioritized to European markets.

Russia says it will not extend it further unless Western sanctions are softened.

Agreement set to expire March 18 while Russia supports 60-day extension.

As Russia, Ukraine remain at war, optimism expressed for agreement extension.

Declines are due to drought and impact of the Russia-Ukraine war.

Russia reportedly unhappy with parts of the Black Sea Grain Initiative.

Grain Alliance, Kernel, Nibulon to invest in storage, infrastructure as Russia’s invasion takes toll.

Deal brokered by United Nations, Turkey expires on March 18.