# Landmark Black Sea grain deal extended for another 120 days: Turkish president

> Turkish President Erdogan announced that the Black Sea Grain Corridor Agreement was extended for 120 days from November 19, 2022. He said nearly 500 ships had carried over 11 million tonnes of grain and foodstuffs in the previous four months.

- Date: 2022-11-17 · published 2022-11-17T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14442-landmark-black-sea-grain-deal-extended-for-another-120-days-turkish-president
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The extension removes the risk of the corridor closing at expiry, keeping Ukrainian wheat and corn flowing and pressuring prices lower. Only the extension is confirmed, so its duration remains the main uncertainty.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-03-18 | [Ukraine Black Sea grain deal extended for at least 60 days](https://feedsoft.ai/events/14405-ukraine-black-sea-grain-deal-extended-for-at-least-60-days.md) | -3.3% | +1.0% |
| WHEAT | 2023-05-17 | [Ukraine Black Sea grain deal extended for two months \| Reuters](https://feedsoft.ai/events/14391-ukraine-black-sea-grain-deal-extended-for-two-months-reuters.md) | -1.4% | -6.9% |
| WHEAT | 2023-05-17 | [Black Sea deal extension sinks grain prices](https://feedsoft.ai/events/5012-black-sea-deal-extension-sinks-grain-prices.md) | -1.4% | -6.9% |
| WHEAT | 2023-03-18 | [Ukraine Black Sea grain export deal extended, UN and Turkey say \| Russia-Ukraine war News \| Al Jazeera](https://feedsoft.ai/events/14408-ukraine-black-sea-grain-export-deal-extended-un-and-turkey-say-russia-ukraine.md) | -3.3% | +1.0% |
| WHEAT | 2023-03-18 | [Black Sea Grain Initiative extended on deadline day \| UN News](https://feedsoft.ai/events/14406-black-sea-grain-initiative-extended-on-deadline-day-un-news.md) | -3.3% | +1.0% |
| CORN | 2023-03-18 | [Ukraine Black Sea grain deal extended for at least 60 days](https://feedsoft.ai/events/14405-ukraine-black-sea-grain-deal-extended-for-at-least-60-days.md) | -0.0% | +0.4% |
| CORN | 2023-05-17 | [Ukraine Black Sea grain deal extended for two months \| Reuters](https://feedsoft.ai/events/14391-ukraine-black-sea-grain-deal-extended-for-two-months-reuters.md) | +2.4% | +0.5% |
| CORN | 2023-05-17 | [Black Sea deal extension sinks grain prices](https://feedsoft.ai/events/5012-black-sea-deal-extension-sinks-grain-prices.md) | +2.4% | +0.5% |

## Sources

- aa.com.tr: https://www.aa.com.tr/en/turkiye/landmark-black-sea-grain-deal-extended-for-another-120-days-turkish-president/2740864

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