# Black Sea Grain Initiative signed

> UN/Turkey-brokered corridor reopens Ukrainian grain exports; wheat and corn retreat.

- Date: 2022-07-22 · published 2022-07-22T12:00:00.000Z
- Category: geopolitics · region Black Sea
- Page: https://feedsoft.ai/events/22-black-sea-grain-initiative-signed
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2022-07-25 | 1 | -6.0% | -3.6 | The Black Sea Grain Initiative signed on 2022-07-22 reopened Ukrainian export corridors, easing supply-risk premium and pressuring SRW wheat on the next trading day (Monday 2022-07-25), consistent with the sharp -5.97% drop. |
| WHEAT | 2022-07-25 | 5 | -10.7% | -3.2 | The Black Sea Grain Initiative signed July 22 reopened Ukrainian export corridors, raising expected supply and driving wheat lower. |
| CORN | 2022-07-25 | 1 | -5.7% | -3.2 | The Black Sea Grain Initiative was signed on 2022-07-22, just before the 2022-07-25 drop, and the reopened Ukrainian export corridor eased supply-risk premiums in corn and wheat, which plausibly drove part of the selloff. |
| WHEAT | 2022-07-27 | 5 | -11.0% | -2.9 | The Black Sea Grain Initiative's reopening of Ukrainian export corridors eased supply fears and pressured wheat, though the deal was reportedly signed July 22, so it was partly priced in before the window and its date is slightly ambiguous. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-07-17 | [Russia exits Black Sea Grain Initiative](https://feedsoft.ai/events/28-russia-exits-black-sea-grain-initiative.md) | +2.4% | +2.8% |
| WHEAT | 2025-03-28 | [Does Ukraine Need a New Black Sea Grain Initiative?](https://feedsoft.ai/events/14221-does-ukraine-need-a-new-black-sea-grain-initiative.md) | -1.4% | +2.0% |
| WHEAT | 2023-02-27 | [Ukraine seeks changes to the Black Sea Grain Initiative](https://feedsoft.ai/events/14418-ukraine-seeks-changes-to-the-black-sea-grain-initiative.md) | -2.4% | -7.4% |
| WHEAT | 2023-03-18 | [Black Sea Grain Initiative extended on deadline day \| UN News](https://feedsoft.ai/events/14406-black-sea-grain-initiative-extended-on-deadline-day-un-news.md) | -3.3% | +1.0% |
| WHEAT | 2023-08-01 | [Update from the Office of the UN Coordinator for the Black Sea Grain Initiative](https://feedsoft.ai/events/14376-update-from-the-office-of-the-un-coordinator-for-the-black-sea-grain-initiative.md) | +0.4% | -7.2% |
| KWHEAT | 2023-07-17 | [Russia exits Black Sea Grain Initiative](https://feedsoft.ai/events/28-russia-exits-black-sea-grain-initiative.md) | +6.3% | -6.6% |
| KWHEAT | 2026-10-01 | [Hunger on the Horizon: The New Black Sea Grain Crisis](https://feedsoft.ai/events/14088-hunger-on-the-horizon-the-new-black-sea-grain-crisis.md) | +0.8% | -12.3% |
| KWHEAT | 2023-07-17 | [Black Sea grain deal expires after Russia quits \| Reuters](https://feedsoft.ai/events/7057-black-sea-grain-deal-expires-after-russia-quits-reuters.md) | +6.3% | -6.6% |

## Sources

- Wikipedia: https://en.wikipedia.org/wiki/Black_Sea_Grain_Initiative

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