# Chokepoint Blockade Exposes Supply Risk for Black Sea Grain

> Russia blocked access to the Kerch Strait between the Sea of Azov and the Black Sea after firing on Ukrainian naval vessels in neutral waters. Shipments resumed Monday, and Chicago wheat rose as much as 1 percent. The article notes that Black Sea grain shipments are a major share of global wheat trade.

- Date: 2018-11-27 · published 2018-11-27T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/61952-chokepoint-blockade-exposes-supply-risk-for-black-sea-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

The incident highlights supply-chain risk at a chokepoint for Russian and Ukrainian grain, which are key to world wheat exports. Wheat is already up about 20 percent this year, so further disruption could add a risk premium.

## Read by commodity

- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-12-01 | [Chokepoint Blockade Exposes Supply Risk for Black Sea Grain \| Feed & Grain](https://feedsoft.ai/events/49507-chokepoint-blockade-exposes-supply-risk-for-black-sea-grain-feed-and-grain.md) | +9.5% | +8.9% |
| WHEAT | 2026-10-01 | [War Throttles Black Sea Grain Exports, Threatening Food Supplies](https://feedsoft.ai/events/14085-war-throttles-black-sea-grain-exports-threatening-food-supplies.md) | -2.9% | +0.5% |
| WHEAT | 2022-06-15 | [Unblocking the Black Sea for Ukrainian Grain \| RAND](https://feedsoft.ai/events/14481-unblocking-the-black-sea-for-ukrainian-grain-rand.md) | -2.3% | -13.8% |
| WHEAT | 2022-01-25 | [Frost risk remains for Black Sea crops: Grain market daily \| AHDB](https://feedsoft.ai/events/43080-frost-risk-remains-for-black-sea-crops-grain-market-daily-ahdb.md) | -2.1% | -0.8% |
| 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% |

## Sources

- gcaptain.com: https://gcaptain.com/chokepoint-blockade-exposes-supply-risk-for-black-sea-grain/

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