# Grain trade yet to feel impact of Russia-Ukraine tensions, but uncertainty prevails 28.01.2022 - UkrAgroConsult

> Black Sea grain trade has so far been largely unaffected by Russia-Ukraine tensions, with exports expected to stay steady near term. Russian and Ukrainian wheat FOB prices fell about 3-4% month on month by January 27, while Ukrainian corn gained nearly 4% over the same period. Traders attribute slower wheat exports mainly to factors other than the standoff.

- Date: 2022-01-28 · published 2022-01-28T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/14514-grain-trade-yet-to-feel-impact-of-russia-ukraine-tensions-but-uncertainty
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Current prices reflect limited realized disruption, but the wheat price pressure and corn gains show that supply-risk premium is present and could expand if flows are interrupted.

## Read by commodity

- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-11-30 | [Grain exports not impacted by Russia, Ukraine tension \| 2018-11-30  \| World Grain](https://feedsoft.ai/events/61921-grain-exports-not-impacted-by-russia-ukraine-tension-2018-11-30-world-grain.md) | +2.7% | +3.1% |
| WHEAT | 2018-11-29 | [Russia Does Not Expect Ukraine Crisis to Have Big Impact on Grain Exports - Business Insider](https://feedsoft.ai/events/61917-russia-does-not-expect-ukraine-crisis-to-have-big-impact-on-grain-exports.md) | +1.4% | +3.7% |
| WHEAT | 2018-11-26 | [Ukraine's Azov Sea ports operating normally despite tensions with Russia](https://feedsoft.ai/events/61920-ukraine-s-azov-sea-ports-operating-normally-despite-tensions-with-russia.md) | +0.6% | +3.2% |
| WHEAT | 2017-05-11 | [As Russia blocks Ukraine’s trade corridors, focus shifts to Silk Road - May. 11, 2017 \| KyivPost](https://feedsoft.ai/events/70861-as-russia-blocks-ukraine-s-trade-corridors-focus-shifts-to-silk-road-may-11.md) | -2.4% | +0.8% |
| WHEAT | 2022-04-04 | [Prospects for Australian Wheat Exports Amid the Ukraine-Russia Conflict —Australian Institute of International Affairs](https://feedsoft.ai/events/41820-prospects-for-australian-wheat-exports-amid-the-ukraine-russia-conflict.md) | -7.3% | -4.2% |
| CORN | 2022-01-27 | [Russia-Ukraine rift risks 13pc of global grain exports 27.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/14518-russia-ukraine-rift-risks-13pc-of-global-grain-exports-27-01-2022-ukragroconsult.md) | +1.7% | +10.2% |
| CORN | 2022-02-24 | [Factbox: Russia’s Ukraine invasion seen disrupting vegetable oil, grain trade flows](https://feedsoft.ai/events/14511-factbox-russia-s-ukraine-invasion-seen-disrupting-vegetable-oil-grain-trade.md) | +6.5% | +12.3% |
| CORN | 2026-08-20 | [FACTBOX: Black Sea grain trade strained by escalating Russia-Ukraine conflict \| S&P Global](https://feedsoft.ai/events/14090-factbox-black-sea-grain-trade-strained-by-escalating-russia-ukraine-conflict-s.md) | +5.4% | +5.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/grain-trade-yet-to-feel-impact-of-russia-ukraine-tensions-but-uncertainty-prevails/

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