# Ukraine 99.9% certain Russia will quit Black Sea grain deal in July, envoy says

> Ukraine's envoy said Russia is 99.9% certain to quit the UN-brokered Black Sea grain deal in July. The deal's ammonia export provision has gone unused.

- Date: 2023-06-22 · published 2023-06-22T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14386-ukraine-99-9-certain-russia-will-quit-black-sea-grain-deal-in-july-envoy-says
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

An expected withdrawal would end the main safe export corridor for Ukrainian grain, adding supply risk for corn and wheat and raising freight costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-03-17 | [Russia Still Slow-Walking Ukraine Food Exports in Black Sea Grain Deal](https://feedsoft.ai/events/14410-russia-still-slow-walking-ukraine-food-exports-in-black-sea-grain-deal.md) | -1.0% | +1.3% |
| 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 | 2023-05-25 | [Russia signals end to Black Sea grain deal in July if demands not met](https://feedsoft.ai/events/14392-russia-signals-end-to-black-sea-grain-deal-in-july-if-demands-not-met.md) | -4.4% | +1.4% |
| CORN | 2023-07-17 | [Black Sea grain deal expires after Russia quits \| Reuters](https://feedsoft.ai/events/7057-black-sea-grain-deal-expires-after-russia-quits-reuters.md) | -8.6% | -12.6% |
| CORN | 2023-06-16 | [Explainer: What is Russia's problem with the Black Sea grain deal?](https://feedsoft.ai/events/14383-explainer-what-is-russia-s-problem-with-the-black-sea-grain-deal.md) | +2.2% | -5.1% |
| WHEAT | 2023-03-17 | [Russia Still Slow-Walking Ukraine Food Exports in Black Sea Grain Deal](https://feedsoft.ai/events/14410-russia-still-slow-walking-ukraine-food-exports-in-black-sea-grain-deal.md) | -3.7% | -6.8% |
| 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 | 2023-05-25 | [Russia signals end to Black Sea grain deal in July if demands not met](https://feedsoft.ai/events/14392-russia-signals-end-to-black-sea-grain-deal-in-july-if-demands-not-met.md) | -1.8% | -1.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/ukraine-999-certain-russia-will-quit-black-sea-grain-deal-july-envoy-2023-06-22/

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