# War in Ukraine to take large volumes of Black Sea wheat and corn off market in both current and next seasons – S&P Global Commodity Insights

> S&P Global Commodity Insights estimates the war will remove large volumes of Black Sea wheat and corn from the market in 2021/22 and 2022/23. Lost Ukrainian wheat export potential is put at 5 to 7 million tonnes, and lost corn exports at 10.5 to 21 million tonnes. Russian wheat losses are also expected, and the analyst does not rule out larger losses.

- Date: 2022-05-25 · published 2022-05-25T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14490-war-in-ukraine-to-take-large-volumes-of-black-sea-wheat-and-corn-off-market-in
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lost export volumes from the Black Sea tighten exportable supply for importers. This supports wheat and corn prices through the coming seasons.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-06-19 | [Rising Attacks on Ukrainian Black Sea Ports Threaten Grain Export Capacity and Global Supply \| Tridge Insights](https://feedsoft.ai/events/14110-rising-attacks-on-ukrainian-black-sea-ports-threaten-grain-export-capacity-and.md) | -1.6% | -1.2% |
| WHEAT | 2022-04-08 | [Global wheat trade projected to dip because of war in Ukraine, USDA says \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/41800-global-wheat-trade-projected-to-dip-because-of-war-in-ukraine-usda-says-agri.md) | -2.0% | +4.8% |
| WHEAT | 2026-05-13 | [Black Sea maritime war: how Ukraine is transferring the costs of maritime insecurity to Russia](https://feedsoft.ai/events/14116-black-sea-maritime-war-how-ukraine-is-transferring-the-costs-of-maritime.md) | +0.9% | -3.8% |
| WHEAT | 2020-02-24 | [Surge in Black Sea attacks adds to strain on global commodity flows \| eKathimerini.com](https://feedsoft.ai/events/54472-surge-in-black-sea-attacks-adds-to-strain-on-global-commodity-flows.md) | -1.4% | +1.1% |
| WHEAT | 2022-01-20 | [Black Sea wheat market unmoved by Russia's troop movements: traders \| S&P Global](https://feedsoft.ai/events/14515-black-sea-wheat-market-unmoved-by-russia-s-troop-movements-traders-s-and-p.md) | +0.8% | -2.1% |
| CORN | 2026-06-19 | [Rising Attacks on Ukrainian Black Sea Ports Threaten Grain Export Capacity and Global Supply \| Tridge Insights](https://feedsoft.ai/events/14110-rising-attacks-on-ukrainian-black-sea-ports-threaten-grain-export-capacity-and.md) | -1.1% | +0.9% |
| CORN | 2020-02-24 | [Surge in Black Sea attacks adds to strain on global commodity flows \| eKathimerini.com](https://feedsoft.ai/events/54472-surge-in-black-sea-attacks-adds-to-strain-on-global-commodity-flows.md) | -2.5% | -5.2% |
| CORN | 2022-01-20 | [Black Sea wheat market unmoved by Russia's troop movements: traders \| S&P Global](https://feedsoft.ai/events/14515-black-sea-wheat-market-unmoved-by-russia-s-troop-movements-traders-s-and-p.md) | +1.6% | +6.7% |

## Sources

- apk-inform.com: https://www.apk-inform.com/en/news/1527194

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