# Ukraine Black Sea grain deal extended for two months | Reuters

> The Black Sea grain deal was extended for two months. About 30.3 million tonnes of grain and foodstuffs have been exported from Ukraine under the deal, including 625,000 tonnes on World Food Programme vessels for aid in several African and Middle Eastern countries.

- Date: 2023-05-17 · published 2023-05-17T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14391-ukraine-black-sea-grain-deal-extended-for-two-months-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Continuation of the corridor avoids a sudden loss of Ukrainian export capacity, limiting the upside risk to grain prices.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2023-05-18 | 5 | -8.8% | -3.2 | Two-month extension of the Black Sea deal secured Ukrainian export flows, reducing supply risk premium. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-03-18 | [Ukraine Black Sea grain deal extended for at least 60 days](https://feedsoft.ai/events/14405-ukraine-black-sea-grain-deal-extended-for-at-least-60-days.md) | -0.0% | +0.4% |
| CORN | 2021-02-21 | [Ukraine, Russia ink deal to export grain on Black Sea](https://feedsoft.ai/events/48492-ukraine-russia-ink-deal-to-export-grain-on-black-sea.md) | +1.6% | -3.4% |
| CORN | 2023-03-18 | [Ukraine Black Sea grain export deal extended, UN and Turkey say \| Russia-Ukraine war News \| Al Jazeera](https://feedsoft.ai/events/14408-ukraine-black-sea-grain-export-deal-extended-un-and-turkey-say-russia-ukraine.md) | -0.0% | +0.4% |
| CORN | 2023-03-18 | [Black Sea Grain Initiative extended on deadline day \| UN News](https://feedsoft.ai/events/14406-black-sea-grain-initiative-extended-on-deadline-day-un-news.md) | -0.0% | +0.4% |
| CORN | 2022-11-17 | [Black Sea grain export deal extended, but Russia wants more on fertiliser exports](https://feedsoft.ai/events/14436-black-sea-grain-export-deal-extended-but-russia-wants-more-on-fertiliser-exports.md) | -1.7% | -4.9% |
| WHEAT | 2023-03-18 | [Ukraine Black Sea grain deal extended for at least 60 days](https://feedsoft.ai/events/14405-ukraine-black-sea-grain-deal-extended-for-at-least-60-days.md) | -3.3% | +1.0% |
| WHEAT | 2021-02-21 | [Ukraine, Russia ink deal to export grain on Black Sea](https://feedsoft.ai/events/48492-ukraine-russia-ink-deal-to-export-grain-on-black-sea.md) | +0.7% | -0.7% |
| WHEAT | 2023-03-18 | [Ukraine Black Sea grain export deal extended, UN and Turkey say \| Russia-Ukraine war News \| Al Jazeera](https://feedsoft.ai/events/14408-ukraine-black-sea-grain-export-deal-extended-un-and-turkey-say-russia-ukraine.md) | -3.3% | +1.0% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/last-ship-leave-ukraine-fate-black-sea-grain-deal-russias-hands-2023-05-17/

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