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Black Sea Grain Initiative extended by 120 days after originally being set to expire on Nov. 19; agreement, originally put in place in July, creates protected sea lane through the Black Sea to facilitate the export of agricultural commodities from Ukraine

Russia's war on Ukraine destroyed five million acres of forests in less than six months, says Ukraine's president; in video message to COP27, President Zelensky tells delegates there can be no effective climate policy without peace

Russia-Ukraine war shakes up European wood pellet market, as energy turbulence takes pellet prices in Q2/Q3 to unprecedented levels; shipments from Belarus, Russia, Ukraine totaled about 3.5 million tons in 2021, about 10% of consumption: Forest2Market

Chicago Board of Trade grain prices fall on Nov. 3, pressured by new interest rate hike ordered by Federal Reserve and by Russia's decision to continue participating in the safe corridor for Ukrainian grains through the Black Sea

Chicago Board of Trade wheat prices fall 6.3% to US$310.85/ton on Nov. 2 following Russia's decision to renew its participation in the secure Black Sea corridor for the export of Ukrainian grains

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