# Explainer: Can Ukraine's grain deal ease the global food crisis? | Reuters

> Under the UN-brokered grain deal, about 9.76 million tonnes of agricultural products, mainly corn with some soybeans, sunflower oil, sunflower meal and barley, have been shipped. Ukrainian wheat exports have helped push Chicago wheat prices back near pre-invasion levels, though food prices in developing countries remain high.

- Date: 2022-08-09 · published 2022-08-09T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14462-explainer-can-ukraine-s-grain-deal-ease-the-global-food-crisis-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Export flows from Ukraine have capped global wheat and corn prices, while high retail staple prices reflect weak local supply and currency conditions rather than futures.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-08-01 | [Ukraine: Guterres welcomes departure of first grain ship, to help ease food crisis \| UN News](https://feedsoft.ai/events/14466-ukraine-guterres-welcomes-departure-of-first-grain-ship-to-help-ease-food.md) | +4.5% | +0.1% |
| WHEAT | 2024-01-10 | [Ukraine's Dec Black Sea food exports top U.N.-brokered deal at its peak -brokers \| Reuters](https://feedsoft.ai/events/14328-ukraine-s-dec-black-sea-food-exports-top-u-n-brokered-deal-at-its-peak-brokers.md) | +0.2% | -1.5% |
| WHEAT | 2023-04-26 | [Ukraine's grain export success placates market despite Russia's threats  \| Reuters](https://feedsoft.ai/events/14399-ukraine-s-grain-export-success-placates-market-despite-russia-s-threats-reuters.md) | -0.1% | -2.5% |
| WHEAT | 2022-07-22 | [U.N.-led deal to ensure safe export of Ukraine's grain](https://feedsoft.ai/events/14468-u-n-led-deal-to-ensure-safe-export-of-ukraine-s-grain.md) | -10.2% | -1.7% |
| WHEAT | 2022-07-22 | [Ukraine war: Deal signed to allow grain exports to resume by sea - BBC News](https://feedsoft.ai/events/14474-ukraine-war-deal-signed-to-allow-grain-exports-to-resume-by-sea-bbc-news.md) | -10.2% | -1.7% |
| CORN | 2022-08-01 | [Ukraine: Guterres welcomes departure of first grain ship, to help ease food crisis \| UN News](https://feedsoft.ai/events/14466-ukraine-guterres-welcomes-departure-of-first-grain-ship-to-help-ease-food.md) | +3.1% | +4.2% |
| CORN | 2024-01-10 | [Ukraine's Dec Black Sea food exports top U.N.-brokered deal at its peak -brokers \| Reuters](https://feedsoft.ai/events/14328-ukraine-s-dec-black-sea-food-exports-top-u-n-brokered-deal-at-its-peak-brokers.md) | -1.1% | -5.0% |
| CORN | 2023-04-26 | [Ukraine's grain export success placates market despite Russia's threats  \| Reuters](https://feedsoft.ai/events/14399-ukraine-s-grain-export-success-placates-market-despite-russia-s-threats-reuters.md) | -2.1% | -5.4% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/obstacles-overcome-before-ukraine-grain-deal-eases-global-food-crisis-2022-08-09/

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