# Wheat: All Eyes Are On Extension Of The Black Sea Grain Deal - TalkMarkets

> Russia said on April 25, 2023, that the Black Sea grain deal had not been properly implemented and would not work as is, as the deal's Russian export provisions remained unaddressed. Chicago wheat contracts fell, with May SRW down 18.5 cents on the day. US spring wheat planting was 5% complete versus a 12% average.

- Date: 2023-04-25 · published 2023-04-25T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/10363-wheat-all-eyes-are-on-extension-of-the-black-sea-grain-deal-talkmarkets
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Uncertainty over Black Sea shipments raises the risk of supply disruption, which supports wheat prices. Slow US spring planting also adds upside risk, though the day's price action was lower.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-03-01 | [Talks on extending Black Sea grain deal start in a week - Ukraine](https://feedsoft.ai/events/14414-talks-on-extending-black-sea-grain-deal-start-in-a-week-ukraine.md) | -1.6% | +5.1% |
| WHEAT | 2026-07-16 | [Wheat Soars as Black Sea Conflict Reshapes the Grain Markets \| Agriculture of America](https://feedsoft.ai/events/9562-wheat-soars-as-black-sea-conflict-reshapes-the-grain-markets-agriculture-of.md) | +3.9% | +0.1% |
| WHEAT | 2025-12-02 | [U.S. grains: Corn, wheat futures climb on Black Sea tensions - Grainews](https://feedsoft.ai/events/21560-u-s-grains-corn-wheat-futures-climb-on-black-sea-tensions-grainews.md) | -1.2% | -1.1% |
| WHEAT | 2024-11-27 | [How much Black Sea wheat is at risk of disruption? Grain market daily  \| AHDB](https://feedsoft.ai/events/14251-how-much-black-sea-wheat-is-at-risk-of-disruption-grain-market-daily-ahdb.md) | -0.1% | +2.1% |
| WHEAT | 2023-06-16 | [Explainer: What is Russia's problem with the Black Sea grain deal?](https://feedsoft.ai/events/14383-explainer-what-is-russia-s-problem-with-the-black-sea-grain-deal.md) | +3.5% | -0.1% |
| KWHEAT | 2024-11-27 | [How much Black Sea wheat is at risk of disruption? Grain market daily  \| AHDB](https://feedsoft.ai/events/14251-how-much-black-sea-wheat-is-at-risk-of-disruption-grain-market-daily-ahdb.md) | -4.1% | +0.2% |
| KWHEAT | 2026-07-16 | [Wheat markets respond to Sea of Azov attacks - Grainews](https://feedsoft.ai/events/5069-wheat-markets-respond-to-sea-of-azov-attacks-grainews.md) | +6.0% | +0.1% |
| KWHEAT | 2026-07-31 | [Wheat Futures Rally on Black Sea Escalation as Market Tests Key Resistance](https://feedsoft.ai/events/18379-wheat-futures-rally-on-black-sea-escalation-as-market-tests-key-resistance.md) | -4.2% | +10.0% |

## Sources

- talkmarkets.com: https://talkmarkets.com/article/wheat-all-eyes-are-on-extension-of-the-black-sea-grain-deal

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.