# Global trade war to be a boon for Black Sea grain

> Reuters reports that the US-China trade conflict opens new opportunities for Black Sea exporters Russia, Ukraine and Kazakhstan to sell wheat, corn and soybeans to China and the EU. Russia and Ukraine have already gained share in markets such as Nigeria and Mexico. The EU imposed a 25 percent import duty on US corn in June, which could favor Ukrainian corn.

- Date: 2018-07-10 · published 2018-07-10T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/63884-global-trade-war-to-be-a-boon-for-black-sea-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 demand from China and the EU toward Black Sea origins supports Black Sea export prices and can pull business away from US corn and soybeans, weighing on US futures and feed cost competitiveness.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-12-01 | [Global Trade War a Boon for Black Sea Grain \| Feed & Grain](https://feedsoft.ai/events/49509-global-trade-war-a-boon-for-black-sea-grain-feed-and-grain.md) | +9.5% | +8.9% |
| 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 | 2018-11-22 | [Tides May be Turning in the Global Wheat Trade](https://feedsoft.ai/events/62071-tides-may-be-turning-in-the-global-wheat-trade.md) | -0.9% | +3.4% |
| WHEAT | 2018-12-04 | [Trade, weather top of mind for 2019 acres - Grainews](https://feedsoft.ai/events/61637-trade-weather-top-of-mind-for-2019-acres-grainews.md) | -0.3% | +1.5% |
| WHEAT | 2018-03-15 | [Black Sea competition impacting Australian wheat prices: Rabo - Grain Central](https://feedsoft.ai/events/66043-black-sea-competition-impacting-australian-wheat-prices-rabo-grain-central.md) | -1.7% | -0.1% |
| CORN | 2019-11-25 | [Grain trade: Competition EU and Black Sea countries](https://feedsoft.ai/events/55914-grain-trade-competition-eu-and-black-sea-countries.md) | +1.6% | +2.4% |
| CORN | 2018-03-02 | [Exclusive: Sierentz Global Merchants to start grain trade in May with Black Sea focus \| Reuters](https://feedsoft.ai/events/65858-exclusive-sierentz-global-merchants-to-start-grain-trade-in-may-with-black-sea.md) | +1.2% | +3.0% |
| CORN | 2023-02-13 | [Black Sea Watch: Ukrainian grain flows see strong start to February \| S&P Global](https://feedsoft.ai/events/14413-black-sea-watch-ukrainian-grain-flows-see-strong-start-to-february-s-and-p.md) | -1.3% | -6.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-russia-grain/global-trade-war-to-be-a-boon-for-black-sea-grain-idUSKBN1K01EX/

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