# Black Sea Grain Initiative extended on deadline day | UN News

> The UN announced on March 18, 2023, that the Black Sea Grain Initiative was extended on the day it was due to expire. The initiative covers grain, foodstuffs and fertilizer, and about 25 million metric tons had moved to 45 countries since July 2022.

- Date: 2023-03-18 · published 2023-03-18T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14406-black-sea-grain-initiative-extended-on-deadline-day-un-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Steady Ukrainian grain and fertilizer flows ease supply concerns and have helped pull global food prices lower, which is bearish for feed grains.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## 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 | 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 | 2022-09-16 | [The Black Sea Grain Initiative: What it is, and why it’s important for the world \| UN News](https://feedsoft.ai/events/14452-the-black-sea-grain-initiative-what-it-is-and-why-it-s-important-for-the-world.md) | +1.0% | +0.8% |
| 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 | 2023-05-17 | [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 | 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 | 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 | 2022-09-16 | [The Black Sea Grain Initiative: What it is, and why it’s important for the world \| UN News](https://feedsoft.ai/events/14452-the-black-sea-grain-initiative-what-it-is-and-why-it-s-important-for-the-world.md) | +5.9% | -8.9% |

## Sources

- news.un.org: https://news.un.org/en/story/2023/03/1134762

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