# Black Sea grain exports seen moderating global grain prices | World Grain

> At the USDA Agricultural Outlook Forum, chief economist Seth Meyer described high volatility in US agriculture, noting that all four major US crops had lower-than-average stocks-to-use in 2022-23. He said tight stocks mean continued price volatility.

- Date: 2023-02-24 · published 2023-02-24T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37370-black-sea-grain-exports-seen-moderating-global-grain-prices-world-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tight US stocks across major crops keep price risk elevated for feed buyers, and Black Sea export flows are a key factor in global grain prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-05-08 | [Global food prices up for third straight month \| World Grain](https://feedsoft.ai/events/10152-global-food-prices-up-for-third-straight-month-world-grain.md) | +3.3% | -0.2% |
| WHEAT | 2024-06-12 | [Tighter Black Sea wheat supplies disrupt global export market \| Feed & Grain](https://feedsoft.ai/events/14292-tighter-black-sea-wheat-supplies-disrupt-global-export-market-feed-and-grain.md) | -2.1% | -3.3% |
| WHEAT | 2024-11-01 | [Ukraine grain exports seen declining sharply](https://feedsoft.ai/events/14257-ukraine-grain-exports-seen-declining-sharply.md) | +0.0% | -2.0% |
| WHEAT | 2024-10-24 | [Global grain trade review \| World Grain](https://feedsoft.ai/events/14260-global-grain-trade-review-world-grain.md) | +0.3% | -1.4% |
| WHEAT | 2020-07-13 | [Global wheat prices soften in June: USDA - Grain Central](https://feedsoft.ai/events/52172-global-wheat-prices-soften-in-june-usda-grain-central.md) | -0.4% | -1.3% |
| SOY | 2021-01-12 | [Grain prices soar on bullish USDA reports](https://feedsoft.ai/events/49089-grain-prices-soar-on-bullish-usda-reports.md) | +0.8% | +2.0% |
| SOY | 2022-03-10 | [Robust demand keeps grain stocks tight amid Black Sea export cuts](https://feedsoft.ai/events/12633-robust-demand-keeps-grain-stocks-tight-amid-black-sea-export-cuts.md) | -2.2% | -4.0% |
| SOY | 2026-03-23 | [China expected to import more soybeans in 2026-27 \| World Grain](https://feedsoft.ai/events/20146-china-expected-to-import-more-soybeans-in-2026-27-world-grain.md) | -0.2% | +0.4% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/18156-black-sea-grain-exports-seen-moderating-global-grain-prices

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