# Ukraine’s wheat and corn exports recover under Black Sea Grain Initiative | Economic Research Service

> Ukraine's corn and wheat exports have nearly returned to seasonal-average levels since the Black Sea Grain Initiative was signed in July 2022. In December Ukraine exported over 3.0 million tonnes of corn, the largest monthly volume since the war began, plus 1.6 million tonnes of wheat. The agreement was set to expire in mid-March 2023 with uncertain renewal.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14421-ukraine-s-wheat-and-corn-exports-recover-under-black-sea-grain-initiative
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Restored Ukrainian flows have eased international wheat and corn price pressure that spiked after the port blockade, but expiry risk could tighten global feed grain supplies again.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-11-05 | [Ukraine's seaborne grain and oilseed exports in October rose y/y.](https://feedsoft.ai/events/14258-ukraine-s-seaborne-grain-and-oilseed-exports-in-october-rose-y-y.md) | +1.8% | -1.5% |
| CORN | 2024-04-01 | [Ukraine’s sea corridor exported more products in 7 months than during the whole year of the Grain Initiative](https://feedsoft.ai/events/14313-ukraine-s-sea-corridor-exported-more-products-in-7-months-than-during-the-whole.md) | -4.2% | -6.0% |
| CORN | 2019-01-03 | [Strong end to year as Ukraine corn, wheat exports jump -](https://feedsoft.ai/events/60947-strong-end-to-year-as-ukraine-corn-wheat-exports-jump.md) | +1.6% | +2.3% |
| CORN | 2017-03-14 | [Ukraine: seaports grain exports down in early March 2017 – Business World](https://feedsoft.ai/events/71839-ukraine-seaports-grain-exports-down-in-early-march-2017-business-world.md) | +1.2% | +1.9% |
| CORN | 2018-04-13 | [Export of grain from Ukrainian seaports boosted 40% in March — Latifundist.com](https://feedsoft.ai/events/65357-export-of-grain-from-ukrainian-seaports-boosted-40-in-march-latifundist-com.md) | -0.4% | +3.0% |
| WHEAT | 2024-11-05 | [Ukraine's seaborne grain and oilseed exports in October rose y/y.](https://feedsoft.ai/events/14258-ukraine-s-seaborne-grain-and-oilseed-exports-in-october-rose-y-y.md) | -0.4% | -1.9% |
| WHEAT | 2024-04-01 | [Ukraine’s sea corridor exported more products in 7 months than during the whole year of the Grain Initiative](https://feedsoft.ai/events/14313-ukraine-s-sea-corridor-exported-more-products-in-7-months-than-during-the-whole.md) | -1.3% | +1.9% |
| WHEAT | 2021-06-16 | [Black Sea Wheat Exports To Grow 5% In 2021/22 \| ESM Magazine](https://feedsoft.ai/events/46432-black-sea-wheat-exports-to-grow-5-in-2021-22-esm-magazine.md) | -8.0% | -12.7% |

## Sources

- ers.usda.gov: https://www.ers.usda.gov/data-products/charts-of-note/105679

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