# Information Note from the United Nations Secretariat at the Joint Coordination Centre | United Nations

> On November 1, 2022, the UN said Russia's delegation had been suspended from the Black Sea Grain Initiative, and three outbound vessels carrying about 84,490 tonnes moved under agreement by the other parties. Total tonnage moved from Ukrainian ports under the initiative reached 9.73 million tonnes.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14438-information-note-from-the-united-nations-secretariat-at-the-joint-coordination
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Russia's suspension raised doubts about the continuity of Ukrainian grain exports, supporting wheat and corn prices. The continued movement of vessels limits how much of that risk premium can build.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-07-01 | [Operational update from the Office of the UN Coordinator for the Black sea Grain Initiative, 15 JULY 2023 \| The United Nations Office at Geneva](https://feedsoft.ai/events/14380-operational-update-from-the-office-of-the-un-coordinator-for-the-black-sea.md) | -9.9% | -6.9% |
| WHEAT | 2023-08-01 | [Update from the Office of the UN Coordinator for the Black Sea Grain Initiative](https://feedsoft.ai/events/14376-update-from-the-office-of-the-un-coordinator-for-the-black-sea-grain-initiative.md) | +0.4% | -7.2% |
| WHEAT | 2023-11-14 | [The Black Sea Grain Initiative: What was achieved? Why was it important? \| United Nations](https://feedsoft.ai/events/14347-the-black-sea-grain-initiative-what-was-achieved-why-was-it-important-united.md) | +2.7% | +0.3% |
| WHEAT | 2022-06-03 | [Feed the world: supply strains from the war in Ukraine - Hatchery InternationalHatchery International](https://feedsoft.ai/events/41042-feed-the-world-supply-strains-from-the-war-in-ukraine-hatchery.md) | -0.2% | -0.4% |
| WHEAT | 2023-07-20 | [Statement attributable to the Spokesperson for the Secretary-General - on Ukraine \| Secretary-General](https://feedsoft.ai/events/14379-statement-attributable-to-the-spokesperson-for-the-secretary-general-on-ukraine.md) | -0.7% | -1.3% |
| CORN | 2023-07-01 | [Operational update from the Office of the UN Coordinator for the Black sea Grain Initiative, 15 JULY 2023 \| The United Nations Office at Geneva](https://feedsoft.ai/events/14380-operational-update-from-the-office-of-the-un-coordinator-for-the-black-sea.md) | +1.4% | -5.6% |
| CORN | 2023-08-01 | [Update from the Office of the UN Coordinator for the Black Sea Grain Initiative](https://feedsoft.ai/events/14376-update-from-the-office-of-the-un-coordinator-for-the-black-sea-grain-initiative.md) | -2.3% | -2.8% |
| CORN | 2023-11-14 | [The Black Sea Grain Initiative: What was achieved? Why was it important? \| United Nations](https://feedsoft.ai/events/14347-the-black-sea-grain-initiative-what-was-achieved-why-was-it-important-united.md) | -0.7% | -2.2% |

## Sources

- un.org: https://www.un.org/en/black-sea-grain-initiative/information-note-1-november-2022

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