# Why Ukraine continues to walk an exports tightrope

> Reuters reported Ukraine and Russia nearly reached a Black Sea shipping deal in March 2024, but Kyiv withdrew at the last minute. Russia cancelled the earlier grain initiative in July 2023 and had complained that its own food and fertiliser exports faced sanctions and embargo obstacles.

- Date: 2024-04-18 · published 2024-04-18T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14312-why-ukraine-continues-to-walk-an-exports-tightrope
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Uncertainty over whether Black Sea corridor shipping will be guaranteed keeps a risk premium in wheat, corn and fertiliser-linked markets, and a deal would ease it.

## Read by commodity

- CORN: bullish ▲
- UREA: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-06-02 | [Ukraine has 'plan B' to continue exports if grain deal collapses, minister says \| Reuters](https://feedsoft.ai/events/14385-ukraine-has-plan-b-to-continue-exports-if-grain-deal-collapses-minister-says.md) | -3.8% | +7.5% |
| WHEAT | 2023-09-15 | [Why Is Russia Blocking Ukraine's Food Exports?](https://feedsoft.ai/events/14360-why-is-russia-blocking-ukraine-s-food-exports.md) | +0.1% | -1.6% |
| WHEAT | 2022-02-25 | [Grain exporters tap EU supplies as war shuts Ukraine ports -traders](https://feedsoft.ai/events/14509-grain-exporters-tap-eu-supplies-as-war-shuts-ukraine-ports-traders.md) | +9.4% | +23.7% |
| WHEAT | 2025-12-17 | [Ukraine's grain exports curbed as Russian strikes shut terminals](https://feedsoft.ai/events/14151-ukraine-s-grain-exports-curbed-as-russian-strikes-shut-terminals.md) | +0.8% | +0.7% |
| WHEAT | 2022-01-31 | [Grain exports likely disrupted in a Russian, Ukraine conflict, analyst says](https://feedsoft.ai/events/14517-grain-exports-likely-disrupted-in-a-russian-ukraine-conflict-analyst-says.md) | -1.7% | +0.5% |
| CORN | 2023-06-02 | [Ukraine has 'plan B' to continue exports if grain deal collapses, minister says \| Reuters](https://feedsoft.ai/events/14385-ukraine-has-plan-b-to-continue-exports-if-grain-deal-collapses-minister-says.md) | -1.5% | -3.9% |
| CORN | 2023-09-15 | [Why Is Russia Blocking Ukraine's Food Exports?](https://feedsoft.ai/events/14360-why-is-russia-blocking-ukraine-s-food-exports.md) | -7.1% | -4.6% |
| CORN | 2022-02-25 | [Grain exporters tap EU supplies as war shuts Ukraine ports -traders](https://feedsoft.ai/events/14509-grain-exporters-tap-eu-supplies-as-war-shuts-ukraine-ports-traders.md) | +6.6% | +10.3% |

## Sources

- just-food.com: https://www.just-food.com/features/why-ukraine-continues-to-walk-an-exports-tightrope/

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