# Ukraine corn exports loss sends US Gulf, PNW soaring

> US corn basis premiums surged in the Gulf and Pacific Northwest as buyers turned to US supply after Russia's invasion shut Ukrainian ports and the Black Sea and Azov Sea shipping. Gulf and PNW offers rose further, with Brazil and Argentina crop concerns adding to demand.

- Date: 2022-03-03 · published 2022-03-03T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/42331-ukraine-corn-exports-loss-sends-us-gulf-pnw-soaring
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Export demand shifting to US corn lifts basis and FOB prices, raising costs for feed buyers and supporting US corn values.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-03-21 | [Ukraine could lose $6 bln in grain exports with ports blocked \| Reuters](https://feedsoft.ai/events/14500-ukraine-could-lose-6-bln-in-grain-exports-with-ports-blocked-reuters.md) | +1.5% | +11.2% |
| CORN | 2023-09-15 | [Why Is Russia Blocking Ukraine's Food Exports?](https://feedsoft.ai/events/14360-why-is-russia-blocking-ukraine-s-food-exports.md) | -7.1% | -4.6% |
| CORN | 2026-08-01 | [Ukraine's Black Sea ports lose a third of grain export capacity, farmers' union says](https://feedsoft.ai/events/14098-ukraine-s-black-sea-ports-lose-a-third-of-grain-export-capacity-farmers-union.md) | -0.1% | +8.6% |
| CORN | 2024-04-18 | [Why Ukraine continues to walk an exports tightrope](https://feedsoft.ai/events/14312-why-ukraine-continues-to-walk-an-exports-tightrope.md) | -0.4% | +4.0% |
| CORN | 2023-03-17 | [Russia Still Slow-Walking Ukraine Food Exports in Black Sea Grain Deal](https://feedsoft.ai/events/14410-russia-still-slow-walking-ukraine-food-exports-in-black-sea-grain-deal.md) | -1.0% | +1.3% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/ukraine-corn-export-loss-sends-us-gulf-pnw-levels-soaring/

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