# How Ukraine broke Russia’s grip in the Black Sea

> Ukrainian drone and missile attacks have disabled or destroyed about a third of Russia's Black Sea fleet, enabling a sharp recovery in seaborne trade through Odesa. Ship arrivals have returned to over 200 per month.

- Date: 2024-05-09 · published 2024-05-09T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14301-how-ukraine-broke-russia-s-grip-in-the-black-sea
- 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

A secure Black Sea corridor restores Ukrainian grain export capacity, which tends to pressure world wheat and corn prices lower and lowers war-risk freight costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-02-21 | [Ukraine, Russia ink deal to export grain on Black Sea](https://feedsoft.ai/events/48492-ukraine-russia-ink-deal-to-export-grain-on-black-sea.md) | +0.7% | -0.7% |
| WHEAT | 2025-03-25 | [Russia, Ukraine agree to avoid attacks on grain ships, energy infrastructure on Black Sea](https://feedsoft.ai/events/14219-russia-ukraine-agree-to-avoid-attacks-on-grain-ships-energy-infrastructure-on.md) | -1.9% | +1.7% |
| 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 | 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 | 2022-06-22 | [Turkish team to discuss Black Sea grain corridor in Russia this week -sources](https://feedsoft.ai/events/14477-turkish-team-to-discuss-black-sea-grain-corridor-in-russia-this-week-sources.md) | +1.8% | -4.6% |
| CORN | 2021-02-21 | [Ukraine, Russia ink deal to export grain on Black Sea](https://feedsoft.ai/events/48492-ukraine-russia-ink-deal-to-export-grain-on-black-sea.md) | +1.6% | -3.4% |
| CORN | 2022-06-29 | [Ships going dark: Russia’s grain smuggling in the Black Sea](https://feedsoft.ai/events/14482-ships-going-dark-russia-s-grain-smuggling-in-the-black-sea.md) | +1.2% | -16.3% |
| 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% |

## Sources

- ig.ft.com: https://ig.ft.com/black-sea/

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