# Ukraine war: Deal signed to allow grain exports to resume by sea - BBC News

> Ukraine and Russia signed mirror agreements in Istanbul allowing grain exports to resume by sea for an initial 120 days. A joint coordination centre in Istanbul will monitor shipments. The deal followed two months of negotiation and was signed separately by each side.

- Date: 2022-07-22 · published 2022-07-22T12:00:00.000Z
- Category: trade · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14474-ukraine-war-deal-signed-to-allow-grain-exports-to-resume-by-sea-bbc-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Restored Black Sea grain shipments add major supply to world wheat and corn markets, which lowers prices and eases food-price pressure.

## Read by commodity

- SBO: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2022-07-25 | 5 | -10.7% | -3.2 | The signed mirror agreements for sea exports confirmed the supply return and reinforced selling. |

## 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 | [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 | 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 | 2024-01-31 | [Ukraine Grain Exports Reach Highest Levels Since the War Began](https://feedsoft.ai/events/14329-ukraine-grain-exports-reach-highest-levels-since-the-war-began.md) | -1.5% | -8.8% |
| WHEAT | 2020-10-13 | [Ukrainian seaports decreased grain export by 25% in September](https://feedsoft.ai/events/50508-ukrainian-seaports-decreased-grain-export-by-25-in-september.md) | +1.8% | -0.1% |
| 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 | [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) | -2.2% | +1.9% |
| 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% |

## Sources

- bbc.com: https://www.bbc.com/news/world-europe-62268070
- bbc.co.uk: https://www.bbc.co.uk/news/world-europe-62268070

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