# Putin to examine Black Sea shipping proposals from Turkey's Erdogan | Reuters

> Turkish President Erdogan proposed Black Sea shipping arrangements, which Putin said he would examine. The accompanying text recalls that the 2022 Black Sea Grain Initiative, mediated by Turkey and the UN, allowed nearly 33 million metric tons of Ukrainian grain to be exported.

- Date: 2024-10-25 · published 2024-10-25T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/14265-putin-to-examine-black-sea-shipping-proposals-from-turkey-s-erdogan-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Any revived Black Sea shipping deal could restore safe export routes and ease freight risk, which would be bearish for grain prices.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-06-06 | [Ukraine Cautious as Turkey, Russia Push to Restart Black Sea Grain Shipments - Bloomberg](https://feedsoft.ai/events/14483-ukraine-cautious-as-turkey-russia-push-to-restart-black-sea-grain-shipments.md) | +0.1% | -0.9% |
| WHEAT | 2022-08-08 | [Russia, Ukraine agree to protect Ukraine grain shipping channel \| Reuters](https://feedsoft.ai/events/14461-russia-ukraine-agree-to-protect-ukraine-grain-shipping-channel-reuters.md) | +7.4% | -3.7% |
| WHEAT | 2023-05-17 | [Ukraine Black Sea grain deal extended for two months \| Reuters](https://feedsoft.ai/events/14391-ukraine-black-sea-grain-deal-extended-for-two-months-reuters.md) | -1.4% | -6.9% |
| WHEAT | 2022-03-14 | [Russia gradually resuming wheat exports from Black Sea ports](https://feedsoft.ai/events/14503-russia-gradually-resuming-wheat-exports-from-black-sea-ports.md) | -1.8% | +6.6% |
| WHEAT | 2026-09-25 | [Russia can restart 80% of Black Sea grain export terminals if attacks stop \| Reuters](https://feedsoft.ai/events/14081-russia-can-restart-80-of-black-sea-grain-export-terminals-if-attacks-stop.md) | -2.9% | -1.8% |
| CORN | 2022-06-06 | [Ukraine Cautious as Turkey, Russia Push to Restart Black Sea Grain Shipments - Bloomberg](https://feedsoft.ai/events/14483-ukraine-cautious-as-turkey-russia-push-to-restart-black-sea-grain-shipments.md) | +5.9% | +2.2% |
| CORN | 2022-08-08 | [Russia, Ukraine agree to protect Ukraine grain shipping channel \| Reuters](https://feedsoft.ai/events/14461-russia-ukraine-agree-to-protect-ukraine-grain-shipping-channel-reuters.md) | +2.6% | +1.5% |
| CORN | 2023-05-17 | [Ukraine Black Sea grain deal extended for two months \| Reuters](https://feedsoft.ai/events/14391-ukraine-black-sea-grain-deal-extended-for-two-months-reuters.md) | +2.4% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/world/putin-look-black-sea-shipping-proposals-turkeys-erdogan-2024-10-25/

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