# Worried about Russia's march on grain markets? It could be worse

> Russia's grain exports are constrained by limited port infrastructure at home. Since Moscow annexed Crimea in 2014, Russian traders can no longer use Ukraine's Black Sea ports, which can handle 52 million tonnes of grain. Shipments from Crimean ports Sevastopol and Kerch have also been complicated by legal issues.

- Date: 2017-11-03 · published 2017-11-03T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/67827-worried-about-russia-s-march-on-grain-markets-it-could-be-worse
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Reduced access to Black Sea export capacity tightens Russia's effective export flow, which can support wheat and corn offer prices for buyers. The impact is gradual and largely already priced in, so the move is modest.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-07-15 | [Vancouver’s New Grain Terminal Bets on Asian Markets](https://feedsoft.ai/events/52092-vancouver-s-new-grain-terminal-bets-on-asian-markets.md) | +0.6% | -1.7% |
| WHEAT | 2024-09-26 | [Focus: Russia expands Baltic ports as it eyes new grain markets](https://feedsoft.ai/events/14268-focus-russia-expands-baltic-ports-as-it-eyes-new-grain-markets.md) | +1.0% | -6.2% |
| WHEAT | 2020-04-01 | [Shipping markets in flux amid COVID-19 chaos \| 2020-04-01  \| World Grain](https://feedsoft.ai/events/53529-shipping-markets-in-flux-amid-covid-19-chaos-2020-04-01-world-grain.md) | +1.6% | -1.6% |
| WHEAT | 2024-09-26 | [Russia's grain exports: A look at main terminals and planned expansions](https://feedsoft.ai/events/14267-russia-s-grain-exports-a-look-at-main-terminals-and-planned-expansions.md) | +1.0% | -6.2% |
| WHEAT | 2022-03-10 | [Inside a frantic race to get Ukrainian corn and wheat to world markets  - The Globe and Mail](https://feedsoft.ai/events/14506-inside-a-frantic-race-to-get-ukrainian-corn-and-wheat-to-world-markets-the.md) | -3.3% | +4.6% |
| CORN | 2020-04-01 | [Shipping markets in flux amid COVID-19 chaos \| 2020-04-01  \| World Grain](https://feedsoft.ai/events/53529-shipping-markets-in-flux-amid-covid-19-chaos-2020-04-01-world-grain.md) | -1.9% | -10.8% |
| CORN | 2017-11-28 | [Extra port capacity to boost Russia's grain exports \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/67830-extra-port-capacity-to-boost-russia-s-grain-exports-agrifish-post-online-media.md) | +1.1% | +6.8% |
| CORN | 2017-03-02 | [Market Perspectives March 2, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/71885-market-perspectives-march-2-2017-page-9-of-10-u-s-grains-and-bioproducts-council.md) | -2.8% | -3.1% |

## Sources

- reuters.com: https://www.reuters.com/article/us-russia-grains-analysis/worried-about-russias-march-on-grain-markets-it-could-be-worse-idUSKBN1D30GK/

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