# Russia, Ukraine agree to protect Ukraine grain shipping channel | Reuters

> Russia, Ukraine, Turkey and the UN agreed procedures establishing a 10 nautical mile buffer zone to protect ships carrying Ukrainian grain through the Black Sea. The procedures were agreed on Monday.

- Date: 2022-08-08 · published 2022-08-08T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14461-russia-ukraine-agree-to-protect-ukraine-grain-shipping-channel-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Secured shipping lanes raise confidence that Ukrainian grain can reach buyers, lowering the risk premium in wheat and corn and freight costs.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-17 | [What are the deals on Ukraine, Russia grain exports? \| Reuters](https://feedsoft.ai/events/14390-what-are-the-deals-on-ukraine-russia-grain-exports-reuters.md) | -1.4% | -6.9% |
| WHEAT | 2023-04-17 | [What are the deals on Ukraine, Russia grain exports? \| Reuters](https://feedsoft.ai/events/14397-what-are-the-deals-on-ukraine-russia-grain-exports-reuters.md) | +7.8% | -1.4% |
| WHEAT | 2022-05-25 | [Russia ready to set up corridor for ships leaving Ukraine with food, with conditions \| Reuters](https://feedsoft.ai/events/14489-russia-ready-to-set-up-corridor-for-ships-leaving-ukraine-with-food-with.md) | -1.3% | -3.0% |
| WHEAT | 2025-03-25 | [Russia, Ukraine agree to avoid attacks on grain ships, energy infrastructure on Black Sea](https://feedsoft.ai/events/14219-russia-ukraine-agree-to-avoid-attacks-on-grain-ships-energy-infrastructure-on.md) | -1.9% | +1.7% |
| WHEAT | 2022-06-06 | [Ukraine Cautious as Turkey, Russia Push to Restart Black Sea Grain Shipments - Bloomberg](https://feedsoft.ai/events/14483-ukraine-cautious-as-turkey-russia-push-to-restart-black-sea-grain-shipments.md) | +0.1% | -0.9% |
| CORN | 2023-05-17 | [What are the deals on Ukraine, Russia grain exports? \| Reuters](https://feedsoft.ai/events/14390-what-are-the-deals-on-ukraine-russia-grain-exports-reuters.md) | +2.4% | +0.5% |
| CORN | 2023-04-17 | [What are the deals on Ukraine, Russia grain exports? \| Reuters](https://feedsoft.ai/events/14397-what-are-the-deals-on-ukraine-russia-grain-exports-reuters.md) | -1.9% | -3.1% |
| CORN | 2022-05-25 | [Russia ready to set up corridor for ships leaving Ukraine with food, with conditions \| Reuters](https://feedsoft.ai/events/14489-russia-ready-to-set-up-corridor-for-ships-leaving-ukraine-with-food-with.md) | -2.8% | -3.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/un-backed-body-issues-shipping-procedures-ukraine-corridor-document-2022-08-08/

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