# Reuters: Ukraine, Russia almost reached Black Sea shipping agreement in March

> Reuters reported that Ukraine and Russia negotiated for two months via Turkey and agreed a draft text on Black Sea shipping safety in March 2024, but Kyiv pulled out at the last minute. The draft would have provided security guarantees to merchant ships carrying non-military cargo.

- Date: 2024-04-16 · published 2024-04-16T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14310-reuters-ukraine-russia-almost-reached-black-sea-shipping-agreement-in-march
- 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 renewed Black Sea shipping deal would lower war-risk premiums and freight costs and add supply security, while the failed talks keep the risk of disruption to grain and oilseed flows alive.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-06-01 | [Ukraine says Russia again blocking Black Sea grain export deal \| Reuters](https://feedsoft.ai/events/14384-ukraine-says-russia-again-blocking-black-sea-grain-export-deal-reuters.md) | -3.6% | +8.1% |
| WHEAT | 2022-03-01 | [Concerns rise over Black Sea spring crops amid Russia-Ukraine war  \| Reuters](https://feedsoft.ai/events/14502-concerns-rise-over-black-sea-spring-crops-amid-russia-ukraine-war-reuters.md) | +10.5% | +22.7% |
| WHEAT | 2022-04-15 | [Ukraine says grain on ships in blocked Black Sea ports may deteriorate \| Reuters](https://feedsoft.ai/events/14494-ukraine-says-grain-on-ships-in-blocked-black-sea-ports-may-deteriorate-reuters.md) | -0.7% | +7.2% |
| WHEAT | 2023-04-26 | [Ukrainian Navy Says Russia Refused To Allow Movement Of Four Ships In Black Sea Grain Deal](https://feedsoft.ai/events/14402-ukrainian-navy-says-russia-refused-to-allow-movement-of-four-ships-in-black-sea.md) | -0.1% | -2.5% |
| WHEAT | 2022-10-31 | [U.N. Black Sea grain pact under threat as Russia quits \| Reuters](https://feedsoft.ai/events/14444-u-n-black-sea-grain-pact-under-threat-as-russia-quits-reuters.md) | -5.6% | +2.4% |
| CORN | 2023-06-01 | [Ukraine says Russia again blocking Black Sea grain export deal \| Reuters](https://feedsoft.ai/events/14384-ukraine-says-russia-again-blocking-black-sea-grain-export-deal-reuters.md) | -2.2% | -3.2% |
| CORN | 2022-03-01 | [Concerns rise over Black Sea spring crops amid Russia-Ukraine war  \| Reuters](https://feedsoft.ai/events/14502-concerns-rise-over-black-sea-spring-crops-amid-russia-ukraine-war-reuters.md) | +4.7% | +12.1% |
| CORN | 2022-04-15 | [Ukraine says grain on ships in blocked Black Sea ports may deteriorate \| Reuters](https://feedsoft.ai/events/14494-ukraine-says-grain-on-ships-in-blocked-black-sea-ports-may-deteriorate-reuters.md) | +2.1% | -0.0% |

## Sources

- kyivindependent.com: https://kyivindependent.com/reuters-ukraine-russia-almost-reached-black-sea-shipping-deal-in-march/

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