# Talks on extending Black Sea grain deal start in a week - Ukraine

> Ukraine says talks on extending the Black Sea Grain Initiative will begin in about a week. The deal, brokered by the UN and Turkey, allowed grain exports from three Ukrainian ports. Ukraine also cited a forecast fall in its 2023 grain and oilseed harvest to 64.8 million tonnes from 72.7 million.

- Date: 2023-03-01 · published 2023-03-01T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14414-talks-on-extending-black-sea-grain-deal-start-in-a-week-ukraine
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Uncertainty over the deal's renewal raises the risk that Ukrainian corn and wheat exports could be interrupted, which supports prices. The smaller expected harvest reinforces that tightness.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-03-17 | [Russia Still Slow-Walking Ukraine Food Exports in Black Sea Grain Deal](https://feedsoft.ai/events/14410-russia-still-slow-walking-ukraine-food-exports-in-black-sea-grain-deal.md) | -1.0% | +1.3% |
| 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 | 2023-02-27 | [Ukraine seeks changes to the Black Sea Grain Initiative](https://feedsoft.ai/events/14418-ukraine-seeks-changes-to-the-black-sea-grain-initiative.md) | -1.3% | -1.8% |
| 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 | 2022-04-15 | [Ukraine says grain on ships in blocked Black Sea ports may deteriorate \| Reuters](https://feedsoft.ai/events/14494-ukraine-says-grain-on-ships-in-blocked-black-sea-ports-may-deteriorate-reuters.md) | +2.1% | -0.0% |
| WHEAT | 2023-03-17 | [Russia Still Slow-Walking Ukraine Food Exports in Black Sea Grain Deal](https://feedsoft.ai/events/14410-russia-still-slow-walking-ukraine-food-exports-in-black-sea-grain-deal.md) | -3.7% | -6.8% |
| WHEAT | 2023-04-25 | [Wheat: All Eyes Are On Extension Of The Black Sea Grain Deal - TalkMarkets](https://feedsoft.ai/events/10363-wheat-all-eyes-are-on-extension-of-the-black-sea-grain-deal-talkmarkets.md) | +0.0% | -3.1% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/talks-extending-black-sea-grain-deal-start-week-ukraine-2023-02-17/

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