# Russia agrees to extend Ukraine grain deal in a boost for global food security | AP News

> Russia agreed to extend the Ukraine grain deal, which has allowed over 30 million metric tons of Ukrainian grain to be shipped. China, Spain and Turkey are the largest recipients, and more than half of the volume has gone to developing nations.

- Date: 2023-05-18 · published 2023-05-18T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14393-russia-agrees-to-extend-ukraine-grain-deal-in-a-boost-for-global-food-security
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The extension keeps Black Sea supply flowing to importers, reducing the risk of a supply shock in feed grains.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | [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 | 2025-05-06 | [Ceasefire Talks: What’s at Stake for Ukraine’s Agriculture Sector and Global Food Security?](https://feedsoft.ai/events/14206-ceasefire-talks-what-s-at-stake-for-ukraine-s-agriculture-sector-and-global.md) | -1.4% | +0.3% |
| CORN | 2023-05-17 | [Ukraine Black Sea grain deal extended for two months \| Reuters](https://feedsoft.ai/events/14391-ukraine-black-sea-grain-deal-extended-for-two-months-reuters.md) | +2.4% | +0.5% |
| 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% |
| 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% |

## Sources

- apnews.com: https://apnews.com/article/russia-ukraine-war-grain-food-security-67e9fd1b5ee8b46fdd9c28955dbcb465

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