# Factbox: Russia’s Ukraine invasion seen disrupting vegetable oil, grain trade flows

> Russia's invasion of Ukraine is expected to disrupt vegetable oil and grain trade, with key Black Sea ports shut and vessel movements blocked. Both countries are major suppliers of grains and vegetable oils, and the disruption could add to food inflation.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/14511-factbox-russia-s-ukraine-invasion-seen-disrupting-vegetable-oil-grain-trade
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lost sunflower oil and grain exports tighten global vegetable oil and grain supply, supporting soyoil, palm oil, wheat and corn prices.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-03-01 | 5 | +15.0% | 4.4 | Russia's invasion and Black Sea port closures threaten sunflower oil and grain flows, pushing buyers toward palm oil and lifting prices. |
| CORN | 2022-03-04 | 5 | +10.4% | 2.8 | Blocked Black Sea ports and vessel movements disrupt grain trade flows, supporting corn prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-11-01 | [Vegetable oil futures surge as Russia-Ukraine grain deal comes to abrupt end 01.11.2022 - UkrAgroConsult](https://feedsoft.ai/events/8076-vegetable-oil-futures-surge-as-russia-ukraine-grain-deal-comes-to-abrupt-end-01.md) | +4.0% | +0.2% |
| SBO | 2022-03-11 | [Overcoming the threats to global food systems from Russia's invasion of Ukraine \| IFPRI](https://feedsoft.ai/events/11340-overcoming-the-threats-to-global-food-systems-from-russia-s-invasion-of-ukraine.md) | -6.3% | +239.1% |
| SBO | 2022-05-03 | [The impact of the Ukraine crisis on the global vegetable oil market \| IFPRI](https://feedsoft.ai/events/41484-the-impact-of-the-ukraine-crisis-on-the-global-vegetable-oil-market-ifpri.md) | +3.0% | -3.8% |
| SBO | 2026-08-25 | [Sea blockade cut Ukrainian vegetable oil exports in half – Ukroliyaprom](https://feedsoft.ai/events/12899-sea-blockade-cut-ukrainian-vegetable-oil-exports-in-half-ukroliyaprom.md) | +1.8% | +3.5% |
| SBO | 2022-02-22 | [Grains, soybeans rally on fear of Russia-Ukraine conflict, surging oil \| Reuters](https://feedsoft.ai/events/8756-grains-soybeans-rally-on-fear-of-russia-ukraine-conflict-surging-oil-reuters.md) | +3.2% | -0.2% |
| PALMOIL | 2022-11-01 | [Vegetable oil futures surge as Russia-Ukraine grain deal comes to abrupt end 01.11.2022 - UkrAgroConsult](https://feedsoft.ai/events/8076-vegetable-oil-futures-surge-as-russia-ukraine-grain-deal-comes-to-abrupt-end-01.md) | +13.1% | +9.0% |
| PALMOIL | 2022-03-11 | [Overcoming the threats to global food systems from Russia's invasion of Ukraine \| IFPRI](https://feedsoft.ai/events/11340-overcoming-the-threats-to-global-food-systems-from-russia-s-invasion-of-ukraine.md) | -5.3% | -14.0% |
| PALMOIL | 2022-05-03 | [The impact of the Ukraine crisis on the global vegetable oil market \| IFPRI](https://feedsoft.ai/events/41484-the-impact-of-the-ukraine-crisis-on-the-global-vegetable-oil-market-ifpri.md) | -9.5% | -9.0% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/agriculture/022422-factbox-russias-ukraine-invasion-seen-disrupting-vegetable-oil-grain-trade-flows

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