# U.N.-led deal to ensure safe export of Ukraine's grain

> Ukraine and Russia agreed a UN-led deal to allow safe export of Ukrainian grain and fertilizer through Black Sea ports blockaded since Russia's February invasion. The deal targets a return to pre-war export volumes of about 5 million tonnes per month.

- Date: 2022-07-22 · published 2022-07-22T12:00:00.000Z
- Category: trade · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14468-u-n-led-deal-to-ensure-safe-export-of-ukraine-s-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Restoring Ukrainian wheat and corn flows adds large supply to world markets that had been short, which pressures grain prices lower.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2022-07-25 | 5 | -10.7% | -3.2 | UN-led deal targeting about 5 mt/month of Ukrainian exports implies a large supply increase, bearish for wheat. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-07-22 | ['A beacon of hope': Ukraine, Russia sign grain export deal \| AP News](https://feedsoft.ai/events/14469-a-beacon-of-hope-ukraine-russia-sign-grain-export-deal-ap-news.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% |
| WHEAT | 2017-02-27 | [By February 23 Ukraine exported 29M tons of grains](https://feedsoft.ai/events/72352-by-february-23-ukraine-exported-29m-tons-of-grains.md) | +0.1% | -1.9% |
| WHEAT | 2018-01-19 | [Ukraine exports 22.4 mln tonnes of grain since July 1](https://feedsoft.ai/events/66836-ukraine-exports-22-4-mln-tonnes-of-grain-since-july-1.md) | +2.8% | +6.0% |
| WHEAT | 2022-08-12 | [First export of wheat under UN deal as two more ships depart Ukraine](https://feedsoft.ai/events/14467-first-export-of-wheat-under-un-deal-as-two-more-ships-depart-ukraine.md) | -2.3% | -11.7% |
| CORN | 2022-07-22 | ['A beacon of hope': Ukraine, Russia sign grain export deal \| AP News](https://feedsoft.ai/events/14469-a-beacon-of-hope-ukraine-russia-sign-grain-export-deal-ap-news.md) | -2.2% | +1.9% |
| CORN | 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) | -2.2% | +1.9% |
| CORN | 2017-02-27 | [By February 23 Ukraine exported 29M tons of grains](https://feedsoft.ai/events/72352-by-february-23-ukraine-exported-29m-tons-of-grains.md) | +2.1% | -1.5% |

## Sources

- reuters.com: https://www.reuters.com/world/un-led-deal-ensure-safe-export-ukraines-grain-2022-07-22/

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