# Ukraine and Russia seal grain deal as U.S. pledges more military aid

> Russia and Ukraine signed a deal in Istanbul to unblock grain exports from Black Sea ports. On the same day the White House announced about $270 million in new US military aid to Kyiv.

- Date: 2022-07-21 · published 2022-07-21T12:00:00.000Z
- Category: trade · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14471-ukraine-and-russia-seal-grain-deal-as-u-s-pledges-more-military-aid
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Reopening Black Sea grain exports adds significant supply to the market, which pushes wheat and corn 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 | The Russia-Ukraine grain deal reported July 21 to unblock Black Sea ports cut supply-risk premium and pressured 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 | 2017-01-24 | [News from Russia and Ukraine](https://feedsoft.ai/events/72852-news-from-russia-and-ukraine.md) | +1.1% | +4.6% |
| WHEAT | 2017-04-19 | [News from Russia and Ukraine](https://feedsoft.ai/events/71356-news-from-russia-and-ukraine.md) | +1.2% | -0.1% |
| WHEAT | 2019-05-20 | [Russia and Ukraine Vie for Title of Top Grain Exporter - The Moscow Times](https://feedsoft.ai/events/58947-russia-and-ukraine-vie-for-title-of-top-grain-exporter-the-moscow-times.md) | +10.5% | +9.7% |
| 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% |
| 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 | 2017-01-24 | [News from Russia and Ukraine](https://feedsoft.ai/events/72852-news-from-russia-and-ukraine.md) | -0.4% | +0.7% |
| CORN | 2017-04-19 | [News from Russia and Ukraine](https://feedsoft.ai/events/71356-news-from-russia-and-ukraine.md) | +1.2% | +2.3% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/ukraines-ports-reopen-under-deal-be-signed-friday-turkey-says-2022-07-21/

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