# Grains gain as peace hopes fade in Ukraine – The Seam

> Grain futures rose on April 4 as the war in Ukraine dragged on, with Chicago wheat up 18-22 cents and corn up 7-13 cents. Ukrainian grain is moving by rail, but a backlog of two to three weeks has formed and analysts expect only about 1 million tonnes to ship before the marketing year ends. Russia's blockade of Black Sea terminals continues.

- Date: 2022-04-04 · published 2022-04-04T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/41882-grains-gain-as-peace-hopes-fade-in-ukraine-the-seam
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Constrained Ukrainian export logistics tighten global wheat and corn supplies, supporting prices for feed grains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-10 | [Grains edge higher as hopes for Black Sea ceasefire fade – The Seam](https://feedsoft.ai/events/14046-grains-edge-higher-as-hopes-for-black-sea-ceasefire-fade-the-seam.md) | -3.3% | +4.6% |
| 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 | 2024-02-20 | [Polish farmers dump grain in protest as Ukraine dispute deepens \| Poland \| The Guardian](https://feedsoft.ai/events/31691-polish-farmers-dump-grain-in-protest-as-ukraine-dispute-deepens-poland-the.md) | -3.5% | -4.2% |
| WHEAT | 2022-02-24 | [Ukraine shuts ports as conflict threatens grain supplies \| Reuters](https://feedsoft.ai/events/14507-ukraine-shuts-ports-as-conflict-threatens-grain-supplies-reuters.md) | +6.8% | +25.3% |
| WHEAT | 2022-02-25 | [Grain exporters tap EU supplies as war shuts Ukraine ports -traders](https://feedsoft.ai/events/14509-grain-exporters-tap-eu-supplies-as-war-shuts-ukraine-ports-traders.md) | +9.4% | +23.7% |
| CORN | 2022-03-10 | [Grains edge higher as hopes for Black Sea ceasefire fade – The Seam](https://feedsoft.ai/events/14046-grains-edge-higher-as-hopes-for-black-sea-ceasefire-fade-the-seam.md) | +2.5% | +11.8% |
| CORN | 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) | -1.3% | -1.8% |
| CORN | 2024-02-20 | [Polish farmers dump grain in protest as Ukraine dispute deepens \| Poland \| The Guardian](https://feedsoft.ai/events/31691-polish-farmers-dump-grain-in-protest-as-ukraine-dispute-deepens-poland-the.md) | -2.7% | +4.7% |

## Sources

- theseam.com: https://www.theseam.com/grains-gain-as-peace-hopes-fade-in-ukraine/

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