# Things to know about the limited ceasefire between Russia and Ukraine brokered by the US | AP News

> The US said it reached a tentative agreement with Ukraine and Russia to halt fighting and ensure safe navigation in the Black Sea. The agreement was reached in separate talks with each side. Details, including how and when it would be implemented, were not released.

- Date: 2025-03-26 · published 2025-03-26T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14226-things-to-know-about-the-limited-ceasefire-between-russia-and-ukraine-brokered
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A tentative ceasefire that secures Black Sea shipping could lower war-risk premiums and freight costs for wheat and corn exports. Because implementation details are unknown, the price impact is likely to be modest for now.

## Read by commodity

- WHEAT: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-05-09 | [How Ukraine broke Russia’s grip in the Black Sea](https://feedsoft.ai/events/14301-how-ukraine-broke-russia-s-grip-in-the-black-sea.md) | +2.0% | +6.5% |
| WHEAT | 2023-05-18 | [Russia agrees to extend Ukraine grain deal in a boost for global food security \| AP News](https://feedsoft.ai/events/14393-russia-agrees-to-extend-ukraine-grain-deal-in-a-boost-for-global-food-security.md) | -1.2% | -6.5% |
| WHEAT | 2023-03-18 | [Ukraine Black Sea grain export deal extended, UN and Turkey say \| Russia-Ukraine war News \| Al Jazeera](https://feedsoft.ai/events/14408-ukraine-black-sea-grain-export-deal-extended-un-and-turkey-say-russia-ukraine.md) | -3.3% | +1.0% |
| WHEAT | 2023-04-17 | [What are the deals on Ukraine, Russia grain exports? \| Reuters](https://feedsoft.ai/events/14397-what-are-the-deals-on-ukraine-russia-grain-exports-reuters.md) | +7.8% | -1.4% |
| WHEAT | 2023-05-17 | [What are the deals on Ukraine, Russia grain exports? \| Reuters](https://feedsoft.ai/events/14390-what-are-the-deals-on-ukraine-russia-grain-exports-reuters.md) | -1.4% | -6.9% |

## Sources

- apnews.com: https://apnews.com/article/ukraine-russia-us-limited-ceasefire-4f1d4a835c52e8a37716ea21b32ccb0b

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