# Pangea Risk : Monthly Insight - Flipbook by ACHAM Côte d'Ivoire | FlipHTML5

> A Pangea Risk monthly insight says the Black Sea grain deal was renewed for 60 days in May, running to mid-July. It also notes that Europe is considering an 11th sanctions package against Russia, with implications for African metals producers.

- Date: 2023-06-05 · published 2023-06-05T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/35380-pangea-risk-monthly-insight-flipbook-by-acham-cote-d-ivoire-fliphtml5
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Renewal of the Black Sea grain deal has pushed wheat prices lower, which eases feed-grain costs. Any collapse in July could reverse this and lift wheat and corn prices.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-17 | [Ukraine Black Sea grain deal extended for two months \| Reuters](https://feedsoft.ai/events/14391-ukraine-black-sea-grain-deal-extended-for-two-months-reuters.md) | -1.4% | -6.9% |
| WHEAT | 2026-03-10 | [Wheat Futures Tumble as Export Buyers Rocked by War in Iran -- Daily Grain Highlights \| MarketScreener Hong Kong](https://feedsoft.ai/events/20215-wheat-futures-tumble-as-export-buyers-rocked-by-war-in-iran-daily-grain.md) | -1.3% | -1.1% |
| WHEAT | 2026-10-29 | [CBOT wheat falls to 3½-month low on peace hopes \| Adalytica](https://feedsoft.ai/events/1273-cbot-wheat-falls-to-31-2-month-low-on-peace-hopes-adalytica.md) | -0.4% | — |
| WHEAT | 2026-10-29 | [Bunge beats quarterly profit estimates on strong crush margins By Reuters](https://feedsoft.ai/events/2078-bunge-beats-quarterly-profit-estimates-on-strong-crush-margins-by-reuters.md) | -0.4% | — |
| WHEAT | 2026-04-21 | [Black Sea Grain Deal: Why Financing Trumps Military Ceasefires \| Physical Commodity Intelligence \| Procurement Institute](https://feedsoft.ai/events/14123-black-sea-grain-deal-why-financing-trumps-military-ceasefires-physical.md) | +1.0% | +2.8% |
| CORN | 2023-05-17 | [Ukraine Black Sea grain deal extended for two months \| Reuters](https://feedsoft.ai/events/14391-ukraine-black-sea-grain-deal-extended-for-two-months-reuters.md) | +2.4% | +0.5% |
| CORN | 2025-06-23 | [Crops Analysis \| Grains, soy close lower amid risk-aversion - Pro Farmer](https://feedsoft.ai/events/13491-crops-analysis-grains-soy-close-lower-amid-risk-aversion-pro-farmer.md) | -1.5% | -3.7% |
| CORN | 2026-10-29 | [Bunge beats quarterly profit estimates on strong crush margins By Reuters](https://feedsoft.ai/events/2078-bunge-beats-quarterly-profit-estimates-on-strong-crush-margins-by-reuters.md) | -1.5% | — |

## Sources

- fliphtml5.com: https://fliphtml5.com/newil/gqay/Pangea_Risk_%3A_Monthly_Insight/

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