# Black Sea Grain Exports 1Q-2024: Blood, Sweat, and Tears • BRS Shipbrokers

> Black Sea grain exports rebounded in the first quarter of 2024, with Ukraine shipping about 12.3 million tonnes, up roughly 20% year on year. Red Sea attacks have led shipowners to avoid the Suez route, though Black Sea shipments to Asia remain strong.

- Date: 2024-05-09 · published 2024-05-09T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14299-black-sea-grain-exports-1q-2024-blood-sweat-and-tears-brs-shipbrokers
- 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

Stronger-than-expected Ukrainian export volumes add supply to world grain markets, while Red Sea rerouting raises freight costs for cargoes from the Black Sea to Asia.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-02-13 | [Ukraine on track to export all 2023 grain, says Britain \| Reuters](https://feedsoft.ai/events/14321-ukraine-on-track-to-export-all-2023-grain-says-britain-reuters.md) | -0.5% | -4.9% |
| WHEAT | 2023-10-24 | [Ukraine Exports 700,000 T Grain Via New Black Sea Corridor - Minister](https://feedsoft.ai/events/14353-ukraine-exports-700-000-t-grain-via-new-black-sea-corridor-minister.md) | +1.8% | +0.8% |
| WHEAT | 2023-09-22 | [First big grain ship leaves Ukraine's Black Sea port](https://feedsoft.ai/events/14359-first-big-grain-ship-leaves-ukraine-s-black-sea-port.md) | -1.5% | -1.0% |
| WHEAT | 2023-12-30 | [Ukraine Exports Through Black Sea Shipping Corridor Reach 13 Million Tons - Bloomberg](https://feedsoft.ai/events/14335-ukraine-exports-through-black-sea-shipping-corridor-reach-13-million-tons.md) | +2.6% | +0.3% |
| WHEAT | 2017-02-14 | [Weather delaying grain exports from Pacific Northwest  - Brotherhood of Locomotive Engineers and Trainmen](https://feedsoft.ai/events/72503-weather-delaying-grain-exports-from-pacific-northwest-brotherhood-of-locomotive.md) | -0.8% | -1.2% |
| CORN | 2024-02-13 | [Ukraine on track to export all 2023 grain, says Britain \| Reuters](https://feedsoft.ai/events/14321-ukraine-on-track-to-export-all-2023-grain-says-britain-reuters.md) | +0.2% | +3.8% |
| CORN | 2023-10-24 | [Ukraine Exports 700,000 T Grain Via New Black Sea Corridor - Minister](https://feedsoft.ai/events/14353-ukraine-exports-700-000-t-grain-via-new-black-sea-corridor-minister.md) | -4.3% | -4.8% |
| CORN | 2023-12-30 | [Ukraine Exports Through Black Sea Shipping Corridor Reach 13 Million Tons - Bloomberg](https://feedsoft.ai/events/14335-ukraine-exports-through-black-sea-shipping-corridor-reach-13-million-tons.md) | -2.0% | -3.6% |

## Sources

- brsshipbrokers.com: https://www.brsshipbrokers.com/en/news/black-sea-grain-exports-1-q-2024-blood-sweat-and-tears

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