# Russia Slows Grains Exports from Black Sea | CZ app

> Russia is reportedly slowing Ukrainian grain export inspections, with some reports of 45-day waits, possibly to prioritise its own wheat exports. Chicago corn averaged about 6.7 USD/bu since September, and Ukrainian corn harvest was 90% complete at 25.2 million tonnes. Argentine corn conditions improved on ample rains.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/14426-russia-slows-grains-exports-from-black-sea-cz-app
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Slower Black Sea exports and Russian wheat prioritisation tighten nearby supply and support wheat and corn prices, partly offset by good South American crop conditions.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/russia-slows-grains-exports-from-black-sea/

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