# Russia signals end to Black Sea grain deal in July if demands not met

> Russia signaled it will not extend the Black Sea grain deal beyond July 17 unless its demands to improve grain and fertilizer exports are met. The deal currently allows wartime exports from three Ukrainian Black Sea ports.

- Date: 2023-05-25 · published 2023-05-25T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14392-russia-signals-end-to-black-sea-grain-deal-in-july-if-demands-not-met
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A possible expiry of the corridor threatens Ukrainian grain flows, raising risk premiums on corn and wheat and supporting prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-06-22 | [Ukraine 99.9% certain Russia will quit Black Sea grain deal in July, envoy says](https://feedsoft.ai/events/14386-ukraine-99-9-certain-russia-will-quit-black-sea-grain-deal-in-july-envoy-says.md) | -8.7% | -14.9% |
| CORN | 2023-07-17 | [Black Sea grain deal: What's next now that Russia has pulled out?](https://feedsoft.ai/events/35074-black-sea-grain-deal-what-s-next-now-that-russia-has-pulled-out.md) | -8.6% | -12.6% |
| CORN | 2023-08-31 | [UN chief sends Russia new proposals to revive Black Sea grain deal but Moscow isn't satisfied \| AP News](https://feedsoft.ai/events/14368-un-chief-sends-russia-new-proposals-to-revive-black-sea-grain-deal-but-moscow.md) | +1.5% | -6.4% |
| 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% |
| 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% |
| WHEAT | 2023-06-22 | [Ukraine 99.9% certain Russia will quit Black Sea grain deal in July, envoy says](https://feedsoft.ai/events/14386-ukraine-99-9-certain-russia-will-quit-black-sea-grain-deal-in-july-envoy-says.md) | +7.6% | -0.3% |
| WHEAT | 2023-07-17 | [Black Sea grain deal: What's next now that Russia has pulled out?](https://feedsoft.ai/events/35074-black-sea-grain-deal-what-s-next-now-that-russia-has-pulled-out.md) | +2.4% | +2.8% |
| WHEAT | 2023-08-31 | [UN chief sends Russia new proposals to revive Black Sea grain deal but Moscow isn't satisfied \| AP News](https://feedsoft.ai/events/14368-un-chief-sends-russia-new-proposals-to-revive-black-sea-grain-deal-but-moscow.md) | +0.3% | +1.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/russia-signals-end-black-sea-grain-deal-july-if-demands-not-met-2023-05-25/

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