# Grain export corridor update, Russia resumes: Grain market daily | AHDB

> UK feed wheat futures for May-23 closed at £289.25/t and Paris rapeseed futures at €665.50/t, while the Black Sea grain corridor resumed after Russia said it would rejoin the grain deal. USDA data showed US winter wheat 28% good to excellent, down from 45% a year earlier amid dry conditions.

- Date: 2022-11-02 · published 2022-11-02T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/7737-grain-export-corridor-update-russia-resumes-grain-market-daily-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Russia's return to the grain deal eases Black Sea shipping risk and weighs on wheat prices, while dry US winter wheat conditions provide offsetting support.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bullish ▲
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-05-26 | [Turkey in talks with Russia, Ukraine over grain-export corridor](https://feedsoft.ai/events/14488-turkey-in-talks-with-russia-ukraine-over-grain-export-corridor.md) | -1.9% | -2.9% |
| WHEAT | 2022-05-31 | [Turkey, Russia to discuss Ukraine exports corridor in talks on June 8 \| Reuters](https://feedsoft.ai/events/14486-turkey-russia-to-discuss-ukraine-exports-corridor-in-talks-on-june-8-reuters.md) | -1.4% | -1.3% |
| WHEAT | 2022-11-01 | [Wheat futures tumble after Russia rejoins Black Sea grain corridor deal - Fastmarkets](https://feedsoft.ai/events/7290-wheat-futures-tumble-after-russia-rejoins-black-sea-grain-corridor-deal.md) | +7.3% | +7.7% |
| WHEAT | 2023-05-17 | [What are the deals on Ukraine, Russia grain exports? \| Reuters](https://feedsoft.ai/events/14390-what-are-the-deals-on-ukraine-russia-grain-exports-reuters.md) | -1.4% | -6.9% |
| WHEAT | 2023-04-17 | [What are the deals on Ukraine, Russia grain exports? \| Reuters](https://feedsoft.ai/events/14397-what-are-the-deals-on-ukraine-russia-grain-exports-reuters.md) | +7.8% | -1.4% |
| KWHEAT | 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) | -4.5% | +7.8% |
| 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% |
| KWHEAT | 2022-10-31 | [Daily Market Wire 1 November 2022 - Grain Central](https://feedsoft.ai/events/39159-daily-market-wire-1-november-2022-grain-central.md) | +3.1% | -2.2% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/grain-export-corridor-update-russia-resumes-grain-market-daily

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