# Black Sea Grain Export Disruptions Won't Be Easy to Replace, Analyst Says

> Analysts say Russia's invasion of Ukraine confirmed fears of a Black Sea supply disruption, with the region supplying about one third of world wheat and corn. Chicago and Kansas City wheat closed limit up on Thursday, while corn and soybeans gave back initial gains.

- Date: 2022-02-26 · published 2022-02-26T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/42751-black-sea-grain-export-disruptions-won-t-be-easy-to-replace-analyst-says
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Replacing Black Sea wheat and corn exports is difficult, so the supply risk supports prices, though fading gains and high volume suggest the rally may be losing momentum.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-01-31 | [Grain exports likely disrupted in a Russian, Ukraine conflict, analyst says](https://feedsoft.ai/events/14517-grain-exports-likely-disrupted-in-a-russian-ukraine-conflict-analyst-says.md) | -1.7% | +0.5% |
| WHEAT | 2026-07-29 | [Wheat futures rise on Black Sea export disruptions By Investing.com](https://feedsoft.ai/events/18403-wheat-futures-rise-on-black-sea-export-disruptions-by-investing-com.md) | -1.4% | +2.4% |
| WHEAT | 2023-06-01 | [Ukraine says Russia again blocking Black Sea grain export deal \| Reuters](https://feedsoft.ai/events/14384-ukraine-says-russia-again-blocking-black-sea-grain-export-deal-reuters.md) | -3.6% | +8.1% |
| WHEAT | 2023-04-18 | [Ukraine says vital Black Sea crop exports remain disrupted \| Air Freight News](https://feedsoft.ai/events/36306-ukraine-says-vital-black-sea-crop-exports-remain-disrupted-air-freight-news.md) | -8.5% | -9.4% |
| 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% |
| KWHEAT | 2026-07-29 | [Wheat futures rise on Black Sea export disruptions By Investing.com](https://feedsoft.ai/events/18403-wheat-futures-rise-on-black-sea-export-disruptions-by-investing-com.md) | -2.7% | +3.9% |
| KWHEAT | 2023-04-18 | [Ukraine says vital Black Sea crop exports remain disrupted \| Air Freight News](https://feedsoft.ai/events/36306-ukraine-says-vital-black-sea-crop-exports-remain-disrupted-air-freight-news.md) | -6.4% | +1.0% |
| KWHEAT | 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) | -4.1% | +0.2% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/crops/black-sea-grain-export-disruptions-won-t-be-easy-to-replace-analyst-says

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