With the help of Turkey and the UN, the Ukraine grain initiative has been extended for 60 days.

According to Turkish officials, a deal allowing Ukraine to export crops from key ports via the Black Sea is set to be extended until July 18th, with Russia agreeing to stay in the beleaguered pact.

Moscow had threatened to withdraw from the deal if obstacles to shipment of its crops and fertilizer weren’t removed. While an extension would be a step toward keeping the agreement alive, dysfunction among the parties involved has blunted its effectiveness.

Ukraine blames Moscow for purposefully slowing the pace of exports, and the corridor is now nearly empty, with no inbound ships cleared since early May. Markets reacted cautiously as traders gauged the pact’s future. Wheat futures in Chicago fell 2%, erasing an earlier gain, and corn declined 2.6%.