# Black Sea Watch: Markets on tenterhooks ahead of safe-passage deadline

> S&P Global reports that Ukrainian seaborne grain flows fell to their lowest since May because inspections were halted and vessel entries were suspended. Market participants doubt the Black Sea Grain Initiative will be extended before its deadline, and corn exporters are shifting to the Danube.

- Date: 2023-07-13 · published 2023-07-13T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/34953-black-sea-watch-markets-on-tenterhooks-ahead-of-safe-passage-deadline
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Risk of no extension and slower Ukrainian exports tightens near-term wheat and corn supply for importers, supporting prices, with Danube routes only partly offsetting the loss.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-04-25 | [Wheat: All Eyes Are On Extension Of The Black Sea Grain Deal - TalkMarkets](https://feedsoft.ai/events/10363-wheat-all-eyes-are-on-extension-of-the-black-sea-grain-deal-talkmarkets.md) | +0.0% | -3.1% |
| WHEAT | 2024-11-27 | [How much Black Sea wheat is at risk of disruption? Grain market daily  \| AHDB](https://feedsoft.ai/events/14251-how-much-black-sea-wheat-is-at-risk-of-disruption-grain-market-daily-ahdb.md) | -0.1% | +2.1% |
| WHEAT | 2022-03-01 | [Why the Black Sea Matters to Commodity Markets](https://feedsoft.ai/events/14510-why-the-black-sea-matters-to-commodity-markets.md) | +10.5% | +22.7% |
| WHEAT | 2026-07-22 | [Chicago wheat jumps on renewed attacks on Black Sea ports - Markets - Business Recorder](https://feedsoft.ai/events/9558-chicago-wheat-jumps-on-renewed-attacks-on-black-sea-ports-markets-business.md) | -1.8% | +2.5% |
| WHEAT | 2026-09-02 | [Australian farmers: Black Sea war offers wheat market opportunity \| Farm Online \| ACT](https://feedsoft.ai/events/17450-australian-farmers-black-sea-war-offers-wheat-market-opportunity-farm-online-act.md) | +1.0% | +0.0% |
| CORN | 2022-03-01 | [Why the Black Sea Matters to Commodity Markets](https://feedsoft.ai/events/14510-why-the-black-sea-matters-to-commodity-markets.md) | +4.7% | +12.1% |
| CORN | 2026-07-22 | [Chicago wheat jumps on renewed attacks on Black Sea ports - Markets - Business Recorder](https://feedsoft.ai/events/9558-chicago-wheat-jumps-on-renewed-attacks-on-black-sea-ports-markets-business.md) | +0.7% | +0.1% |
| CORN | 2023-03-01 | [Talks on extending Black Sea grain deal start in a week - Ukraine](https://feedsoft.ai/events/14414-talks-on-extending-black-sea-grain-deal-start-in-a-week-ukraine.md) | +2.0% | +1.4% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/shipping/071323-black-sea-watch-markets-on-tenterhooks-ahead-of-safe-passage-deadline

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