# Ukraine's grain export success placates market despite Russia's threats  | Reuters

> Ukrainian grain exports have continued to succeed despite Russian threats to exit the Black Sea deal. The USDA forecasts 2022-23 Ukrainian wheat exports at 14.5 million tonnes and corn exports at 25.5 million tonnes, both well above pre-deal estimates.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: trade · region Ukraine · magnitude low
- Page: https://feedsoft.ai/events/14399-ukraine-s-grain-export-success-placates-market-despite-russia-s-threats-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Stronger-than-expected Ukrainian export volumes add supply to global wheat and corn markets, which weighs on prices. The market has largely discounted the risk of the deal collapsing.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-09-25 | [Explainer: Why are Russian export prices roiling the wheat market? \| Reuters](https://feedsoft.ai/events/34139-explainer-why-are-russian-export-prices-roiling-the-wheat-market-reuters.md) | -2.7% | -1.3% |
| WHEAT | 2018-10-18 | [Ukraine reduces the rate of grain exports, as Russia is stepping up](https://feedsoft.ai/events/62390-ukraine-reduces-the-rate-of-grain-exports-as-russia-is-stepping-up.md) | +0.3% | -3.9% |
| WHEAT | 2024-08-12 | [Ukraine boosts grain exports despite intensified Russian attacks](https://feedsoft.ai/events/14275-ukraine-boosts-grain-exports-despite-intensified-russian-attacks.md) | +0.1% | -3.5% |
| WHEAT | 2018-02-07 | [Russia has updated the record in the export of grain, Ukraine has entered the last year's pace](https://feedsoft.ai/events/66357-russia-has-updated-the-record-in-the-export-of-grain-ukraine-has-entered-the.md) | +0.3% | +2.2% |
| WHEAT | 2022-08-09 | [Explainer: Can Ukraine's grain deal ease the global food crisis? \| Reuters](https://feedsoft.ai/events/14462-explainer-can-ukraine-s-grain-deal-ease-the-global-food-crisis-reuters.md) | -0.1% | -11.4% |
| CORN | 2018-10-18 | [Ukraine reduces the rate of grain exports, as Russia is stepping up](https://feedsoft.ai/events/62390-ukraine-reduces-the-rate-of-grain-exports-as-russia-is-stepping-up.md) | -2.2% | -6.8% |
| CORN | 2024-08-12 | [Ukraine boosts grain exports despite intensified Russian attacks](https://feedsoft.ai/events/14275-ukraine-boosts-grain-exports-despite-intensified-russian-attacks.md) | -1.6% | +1.4% |
| CORN | 2022-08-09 | [Explainer: Can Ukraine's grain deal ease the global food crisis? \| Reuters](https://feedsoft.ai/events/14462-explainer-can-ukraine-s-grain-deal-ease-the-global-food-crisis-reuters.md) | +2.0% | -0.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/ukraines-grain-export-success-placates-market-despite-russias-threats-2023-04-26/

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