# Update from the Office of the UN Coordinator for the Black Sea Grain Initiative

> The UN Black Sea Grain Initiative has exported 32.8 million tons of grain and foodstuffs from three Ukrainian ports in its first year. Only one vessel remains under the deal, and 29 applications from ships in Turkish waters have not been approved by all parties. No vessel has been allowed into Yuzhny/Pivdennyi since 29 April, and renewal is due on 17 July.

- Date: 2023-08-01 · published 2023-08-01T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14376-update-from-the-office-of-the-un-coordinator-for-the-black-sea-grain-initiative
- 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

If the Initiative lapses, Ukrainian wheat and corn exports face a sharp drop in safe shipping capacity, which tightens global supply and supports prices for buyers of feed grains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-07-01 | [Operational update from the Office of the UN Coordinator for the Black sea Grain Initiative, 15 JULY 2023 \| The United Nations Office at Geneva](https://feedsoft.ai/events/14380-operational-update-from-the-office-of-the-un-coordinator-for-the-black-sea.md) | -9.9% | -6.9% |
| WHEAT | 2023-02-27 | [Ukraine seeks changes to the Black Sea Grain Initiative](https://feedsoft.ai/events/14418-ukraine-seeks-changes-to-the-black-sea-grain-initiative.md) | -2.4% | -7.4% |
| WHEAT | 2023-08-07 | [End of the Black Sea Grain Initiative: Implications for sub-Saharan Africa \| IFPRI](https://feedsoft.ai/events/14373-end-of-the-black-sea-grain-initiative-implications-for-sub-saharan-africa-ifpri.md) | +0.5% | -6.9% |
| WHEAT | 2023-08-17 | [Fertilizer Producers Sector Update - Black Sea Grain Initiative termination boosting urea prices - Vietcap](https://feedsoft.ai/events/34901-fertilizer-producers-sector-update-black-sea-grain-initiative-termination.md) | -1.4% | -4.0% |
| WHEAT | 2023-07-27 | [Dry Bulk Market: Russia’s Exit from the UN Black Sea Grain Initiative Will Have an Impact on Market - Nautical Voice](https://feedsoft.ai/events/35235-dry-bulk-market-russia-s-exit-from-the-un-black-sea-grain-initiative-will-have.md) | +0.0% | -2.0% |
| CORN | 2023-07-01 | [Operational update from the Office of the UN Coordinator for the Black sea Grain Initiative, 15 JULY 2023 \| The United Nations Office at Geneva](https://feedsoft.ai/events/14380-operational-update-from-the-office-of-the-un-coordinator-for-the-black-sea.md) | +1.4% | -5.6% |
| CORN | 2023-02-27 | [Ukraine seeks changes to the Black Sea Grain Initiative](https://feedsoft.ai/events/14418-ukraine-seeks-changes-to-the-black-sea-grain-initiative.md) | -1.3% | -1.8% |
| CORN | 2023-08-17 | [Fertilizer Producers Sector Update - Black Sea Grain Initiative termination boosting urea prices - Vietcap](https://feedsoft.ai/events/34901-fertilizer-producers-sector-update-black-sea-grain-initiative-termination.md) | +1.2% | -1.4% |

## Sources

- un.org: https://www.un.org/en/black-sea-grain-initiative/update-15-july-2023

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