# Black Sea Watch: Ukrainian grain flows see strong start to February | S&P Global

> Ukrainian seaborne grain flows under the Black Sea Grain Initiative averaged about 155,400 mt per day in early February 2023, the highest monthly average since the deal began. Weekly exports for Feb. 6-12 rose 17% to about 1.14 million mt despite bad weather. Inspection delays remain a priority for the parties.

- Date: 2023-02-13 · published 2023-02-13T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/14413-black-sea-watch-ukrainian-grain-flows-see-strong-start-to-february-s-and-p
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Steady Black Sea export flows add to global corn and wheat supply, which tends to cap prices. Persistent inspection bottlenecks could still disrupt shipments.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-07-10 | [Global trade war to be a boon for Black Sea grain](https://feedsoft.ai/events/63884-global-trade-war-to-be-a-boon-for-black-sea-grain.md) | -1.8% | +7.9% |
| CORN | 2021-03-16 | [Ukrainian seaports raised grain transshipment by 16% in February](https://feedsoft.ai/events/47992-ukrainian-seaports-raised-grain-transshipment-by-16-in-february.md) | +11.3% | +13.1% |
| CORN | 2026-04-01 | [Ukrainian grain flows faster to ports despite Russian strikes](https://feedsoft.ai/events/14128-ukrainian-grain-flows-faster-to-ports-despite-russian-strikes.md) | -1.7% | +1.5% |
| CORN | 2018-03-02 | [Exclusive: Sierentz Global Merchants to start grain trade in May with Black Sea focus \| Reuters](https://feedsoft.ai/events/65858-exclusive-sierentz-global-merchants-to-start-grain-trade-in-may-with-black-sea.md) | +1.2% | +3.0% |
| CORN | 2023-02-01 | [Over 19 mln tonnes of Ukrainian foods exported under Black Sea Grain Initiative](https://feedsoft.ai/events/14417-over-19-mln-tonnes-of-ukrainian-foods-exported-under-black-sea-grain-initiative.md) | +1.2% | -4.9% |
| WHEAT | 2021-03-16 | [Ukrainian seaports raised grain transshipment by 16% in February](https://feedsoft.ai/events/47992-ukrainian-seaports-raised-grain-transshipment-by-16-in-february.md) | +0.8% | -4.1% |
| WHEAT | 2026-04-01 | [Ukrainian grain flows faster to ports despite Russian strikes](https://feedsoft.ai/events/14128-ukrainian-grain-flows-faster-to-ports-despite-russian-strikes.md) | -2.5% | +0.9% |
| WHEAT | 2018-03-02 | [Exclusive: Sierentz Global Merchants to start grain trade in May with Black Sea focus \| Reuters](https://feedsoft.ai/events/65858-exclusive-sierentz-global-merchants-to-start-grain-trade-in-may-with-black-sea.md) | +0.5% | -0.4% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/shipping/021323-black-sea-watch-ukrainian-grain-flows-see-strong-start-to-february

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