# Ukraine may use new Black Sea route for grain shipments -producers | Reuters

> Ukraine is considering using its newly tested wartime Black Sea export corridor for grain shipments after the first successful evacuation of a vessel along the route the previous week, a senior agricultural official said. Ukraine also announced a humanitarian corridor in response.

- Date: 2023-08-21 · published 2023-08-21T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14367-ukraine-may-use-new-black-sea-route-for-grain-shipments-producers-reuters
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A workable alternative sea route would ease the export bottleneck left by Russia's exit from the grain deal, adding supply to world wheat and corn markets and pressuring prices lower.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-07-25 | [First Ukraine Black Sea grain shipments could move in days - U.N., Ukraine](https://feedsoft.ai/events/14470-first-ukraine-black-sea-grain-shipments-could-move-in-days-u-n-ukraine.md) | -9.5% | -0.1% |
| WHEAT | 2023-10-26 | [Ukraine says its Black Sea grain corridor is working \| Reuters](https://feedsoft.ai/events/14351-ukraine-says-its-black-sea-grain-corridor-is-working-reuters.md) | +2.2% | +1.7% |
| WHEAT | 2023-11-17 | [Ukraine says 151 ships have used Black Sea corridor \| Reuters](https://feedsoft.ai/events/14346-ukraine-says-151-ships-have-used-black-sea-corridor-reuters.md) | +3.7% | +1.7% |
| WHEAT | 2018-12-04 | [Ukraine resumes grain shipments from Azov Sea](https://feedsoft.ai/events/61436-ukraine-resumes-grain-shipments-from-azov-sea.md) | -0.3% | +1.5% |
| WHEAT | 2023-10-01 | [Five more cargo ships head for Ukraine's Black Sea ports, deputy prime minister says \| Reuters](https://feedsoft.ai/events/14355-five-more-cargo-ships-head-for-ukraine-s-black-sea-ports-deputy-prime-minister.md) | -3.9% | -1.2% |
| CORN | 2022-07-25 | [First Ukraine Black Sea grain shipments could move in days - U.N., Ukraine](https://feedsoft.ai/events/14470-first-ukraine-black-sea-grain-shipments-could-move-in-days-u-n-ukraine.md) | -0.8% | +3.7% |
| CORN | 2023-11-17 | [Ukraine says 151 ships have used Black Sea corridor \| Reuters](https://feedsoft.ai/events/14346-ukraine-says-151-ships-have-used-black-sea-corridor-reuters.md) | -1.2% | +0.7% |
| CORN | 2023-10-26 | [Ukraine says its Black Sea grain corridor is working \| Reuters](https://feedsoft.ai/events/14351-ukraine-says-its-black-sea-grain-corridor-is-working-reuters.md) | -3.5% | -3.6% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/8/23/signal-dry-bulk-weekly-report
- reuters.com: https://www.reuters.com/world/europe/ukraine-may-use-new-black-sea-route-grain-shipments-producers-2023-08-21/

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