# Commodity supplies at risk as Russia invades Ukraine | Reuters

> Russia's invasion of Ukraine puts supplies at risk, since Russia and Ukraine together account for 29% of global wheat exports, shipped mainly through Black Sea ports. Ukraine is also one of the top four corn exporters, shipping about 4.5 million tonnes a month before the invasion.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14508-commodity-supplies-at-risk-as-russia-invades-ukraine-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Disruption to Black Sea wheat and corn flows forces importers such as Egypt, Turkey, China and the EU to find replacement supply, which supports global grain and feed prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2022-03-04 | 5 | +10.4% | 2.8 | Ukraine is a top-four corn exporter shipping about 4.5 Mt a month, so supply risk was priced into corn. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-02-23 | [Impact of Russia-Ukraine on supply chains: food, metals, commodities](https://feedsoft.ai/events/42750-impact-of-russia-ukraine-on-supply-chains-food-metals-commodities.md) | +7.5% | +12.7% |
| CORN | 2022-02-24 | [Ukraine shuts ports as conflict threatens grain supplies \| Reuters](https://feedsoft.ai/events/14507-ukraine-shuts-ports-as-conflict-threatens-grain-supplies-reuters.md) | +6.5% | +12.3% |
| CORN | 2022-11-03 | [Weekly Commodities Strategy: Russia-Ukraine War, Dryness In](https://feedsoft.ai/events/7285-weekly-commodities-strategy-russia-ukraine-war-dryness-in.md) | -0.6% | -3.9% |
| CORN | 2022-02-24 | [Wheat, soybeans hit nine-year highs as Russia invades Ukraine](https://feedsoft.ai/events/8527-wheat-soybeans-hit-nine-year-highs-as-russia-invades-ukraine.md) | +6.5% | +12.3% |
| CORN | 2022-02-24 | [Ukraine Russia Invasion: Commodity Exports in Chaos as Rail and Ports Close - Bloomberg](https://feedsoft.ai/events/42714-ukraine-russia-invasion-commodity-exports-in-chaos-as-rail-and-ports-close.md) | +6.5% | +12.3% |
| WHEAT | 2022-02-24 | [Dollar jumps to near two-year high as Russia invades Ukraine \| Reuters](https://feedsoft.ai/events/6980-dollar-jumps-to-near-two-year-high-as-russia-invades-ukraine-reuters.md) | +6.8% | +25.3% |
| WHEAT | 2022-03-23 | [How Russia's invasion of Ukraine rocked commodity markets](https://feedsoft.ai/events/6242-how-russia-s-invasion-of-ukraine-rocked-commodity-markets.md) | +1.3% | -9.2% |
| WHEAT | 2023-08-07 | [The Commodities Feed: Russia-Ukraine tensions add to oil supply risks \| articles \| ING THINK](https://feedsoft.ai/events/34496-the-commodities-feed-russia-ukraine-tensions-add-to-oil-supply-risks-articles.md) | +0.5% | -6.9% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/commodity-supplies-risk-russia-invades-ukraine-2022-02-24/

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