# Global Trade War a Boon for Black Sea Grain | Feed & Grain

> Analysts expect the US-China trade conflict to open new sales opportunities for Black Sea exporters Russia, Ukraine and Kazakhstan, including wheat, corn and soybeans to China and the EU. The region already holds a large share of the world wheat market.

- Date: 2020-12-01 · published 2020-12-01T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/49509-global-trade-war-a-boon-for-black-sea-grain-feed-and-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Redirected Chinese and EU demand toward Black Sea origin supports export prices for wheat, corn and soybeans, though the effect is a trend rather than a single event.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-07-10 | [Global trade war to be a boon for Black Sea grain](https://feedsoft.ai/events/63884-global-trade-war-to-be-a-boon-for-black-sea-grain.md) | +2.2% | +8.4% |
| WHEAT | 2019-04-08 | [Asian feed importers bought Black Sea cereals again](https://feedsoft.ai/events/59790-asian-feed-importers-bought-black-sea-cereals-again.md) | +3.3% | -7.8% |
| WHEAT | 2021-04-30 | [High grain prices alter feeding, trade patterns \| Feed Strategy](https://feedsoft.ai/events/47677-high-grain-prices-alter-feeding-trade-patterns-feed-strategy.md) | -5.5% | -5.0% |
| WHEAT | 2018-05-23 | [In the black: Asian flour mills turn to Black Sea region for wheat](https://feedsoft.ai/events/64881-in-the-black-asian-flour-mills-turn-to-black-sea-region-for-wheat.md) | -0.0% | -2.3% |
| WHEAT | 2021-04-29 | [Feeding Chickens Is So Costly It’s Changing Global Trade Flows - Bloomberg](https://feedsoft.ai/events/47747-feeding-chickens-is-so-costly-it-s-changing-global-trade-flows-bloomberg.md) | -5.4% | -5.4% |
| CORN | 2018-04-10 | [In Trade War, U.S. Soy May Be Safe - Rabobank - AgriBusiness Global](https://feedsoft.ai/events/65548-in-trade-war-u-s-soy-may-be-safe-rabobank-agribusiness-global.md) | -0.6% | +2.5% |
| CORN | 2019-04-08 | [Asian feed importers bought Black Sea cereals again](https://feedsoft.ai/events/59790-asian-feed-importers-bought-black-sea-cereals-again.md) | -1.1% | -2.2% |
| CORN | 2024-07-15 | [China sets record feed grain imports amid global market shifts \| Feed & Grain](https://feedsoft.ai/events/14734-china-sets-record-feed-grain-imports-amid-global-market-shifts-feed-and-grain.md) | -1.5% | -2.1% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-supply-chain/grain-trade-export/news/15397547/global-trade-war-a-boon-for-black-sea-grain

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