# Russia Still Slow-Walking Ukraine Food Exports in Black Sea Grain Deal

> Foreign Policy reported that Russia offered only a 60-day extension of the Black Sea Grain Initiative, half the prior 120-day term, while Ukraine, Turkey and the UN pushed for the full period. Diplomats were racing to finalize the extension before the Saturday expiry.

- Date: 2023-03-17 · published 2023-03-17T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14410-russia-still-slow-walking-ukraine-food-exports-in-black-sea-grain-deal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Threats of Russian withdrawal and slowed exports raise the risk of reduced Black Sea supply, which is supportive for corn and wheat prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-06-01 | [Ukraine says Russia again blocking Black Sea grain export deal \| Reuters](https://feedsoft.ai/events/14384-ukraine-says-russia-again-blocking-black-sea-grain-export-deal-reuters.md) | -2.2% | -3.2% |
| CORN | 2023-09-15 | [Why Is Russia Blocking Ukraine's Food Exports?](https://feedsoft.ai/events/14360-why-is-russia-blocking-ukraine-s-food-exports.md) | -7.1% | -4.6% |
| 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 | 2023-03-01 | [Talks on extending Black Sea grain deal start in a week - Ukraine](https://feedsoft.ai/events/14414-talks-on-extending-black-sea-grain-deal-start-in-a-week-ukraine.md) | +2.0% | +1.4% |
| CORN | 2022-05-26 | [Black Sea ports still the best way to get Ukraine's grain moving fast \| Reuters](https://feedsoft.ai/events/14484-black-sea-ports-still-the-best-way-to-get-ukraine-s-grain-moving-fast-reuters.md) | -4.6% | -3.2% |
| WHEAT | 2023-06-01 | [Ukraine says Russia again blocking Black Sea grain export deal \| Reuters](https://feedsoft.ai/events/14384-ukraine-says-russia-again-blocking-black-sea-grain-export-deal-reuters.md) | -3.6% | +8.1% |
| WHEAT | 2023-09-15 | [Why Is Russia Blocking Ukraine's Food Exports?](https://feedsoft.ai/events/14360-why-is-russia-blocking-ukraine-s-food-exports.md) | +0.1% | -1.6% |
| 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% |

## Sources

- foreignpolicy.com: https://foreignpolicy.com/2023/03/17/russia-ukraine-black-sea-grain-deal-war-fertilizer-food-crisis/

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