# Black Sea Watch: Ukrainian grain flows ease amid safe passage uncertainty | S&P Global

> Ukrainian seaborne grain exports fell about 20 percent month to date in April 2023 as the Black Sea Grain Initiative's extension deadline of May 18 approached without clear guidance. Cumulative shipments under the deal reached almost 29 million mt, and Handysize and Supramax day rates were quoted at $13,000 to $16,000 per day. Russian wheat trade was also described as disrupted by a price floor.

- Date: 2023-04-24 · published 2023-04-24T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14398-black-sea-watch-ukrainian-grain-flows-ease-amid-safe-passage-uncertainty-s-and
- 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

Lower Ukrainian export flows and higher vessel costs tighten Black Sea supply and raise freight costs, supporting wheat and corn prices. Uncertainty over the deal's extension keeps risk premiums elevated.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-12-01 | [Black Sea Watch: Grain flows edge lower as congestion, delays bite](https://feedsoft.ai/events/14429-black-sea-watch-grain-flows-edge-lower-as-congestion-delays-bite.md) | -9.9% | -2.4% |
| WHEAT | 2023-01-31 | [Black Sea Watch: Grain flows ease on month as inspection delays remain unresolved \| World Ports Organization](https://feedsoft.ai/events/14422-black-sea-watch-grain-flows-ease-on-month-as-inspection-delays-remain.md) | +2.2% | -4.4% |
| WHEAT | 2026-10-06 | [Russia seeks alternative grain routes as Black Sea exports plunge, Ukrainian intelligence says](https://feedsoft.ai/events/14078-russia-seeks-alternative-grain-routes-as-black-sea-exports-plunge-ukrainian.md) | -0.8% | +3.2% |
| WHEAT | 2026-06-29 | [Black Sea freight strengthens ahead of grain season \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/16851-black-sea-freight-strengthens-ahead-of-grain-season-ukrainian-and-world.md) | +0.6% | +4.4% |
| WHEAT | 2026-09-12 | [Russia Turns to Far East to Export Grain Amid Black Sea Strikes - Bloomberg](https://feedsoft.ai/events/14083-russia-turns-to-far-east-to-export-grain-amid-black-sea-strikes-bloomberg.md) | -1.2% | -3.2% |
| CORN | 2022-12-01 | [Black Sea Watch: Grain flows edge lower as congestion, delays bite](https://feedsoft.ai/events/14429-black-sea-watch-grain-flows-edge-lower-as-congestion-delays-bite.md) | -3.3% | +1.9% |
| CORN | 2023-01-31 | [Black Sea Watch: Grain flows ease on month as inspection delays remain unresolved \| World Ports Organization](https://feedsoft.ai/events/14422-black-sea-watch-grain-flows-ease-on-month-as-inspection-delays-remain.md) | +1.3% | -4.0% |
| CORN | 2023-02-21 | [Weaker Argentinian seaborne grain flows to weigh on ECSA freight market \| S&P Global](https://feedsoft.ai/events/37214-weaker-argentinian-seaborne-grain-flows-to-weigh-on-ecsa-freight-market-s-and-p.md) | -4.0% | -5.1% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/shipping/042423-black-sea-watch-ukrainian-grain-flows-ease-amid-safe-passage-uncertainty

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