# Lack of Black Sea shipping agreement causes little market concern amid active Argentine exports

> Talks between Ukraine and Russia in Abu Dhabi have not produced a new safe-shipping agreement for the Black Sea, and the wheat market has reacted little so far. Traders are focused on Argentine wheat offered at $237–243/ton FOB, about $30/ton below West European wheat, ahead of Algeria's tender for roughly 700,000 tons. The December Euronext wheat contract fell 1.6% on November 12 to €232.50/ton after a four-day rally.

- Date: 2026-11-13 · published 2026-11-13T12:05:30.104Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/97602-lack-of-black-sea-shipping-agreement-causes-little-market-concern-amid-active
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Cheaper Argentine supply and a partial rerouting of Russian and Ukrainian wheat through the Baltic and Romania limit the price impact of the Black Sea shipping stalemate. European wheat becomes less competitive in export markets, which keeps pressure on wheat prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-11-24 | [Farming News - EU markets at the mercy of aggressive Black Sea shipping campaigns](https://feedsoft.ai/events/67921-farming-news-eu-markets-at-the-mercy-of-aggressive-black-sea-shipping-campaigns.md) | -0.1% | +0.4% |
| WHEAT | 2024-03-11 | [Black Sea grain exports beating early market ideas by substantial degree](https://feedsoft.ai/events/14314-black-sea-grain-exports-beating-early-market-ideas-by-substantial-degree.md) | -7.3% | -3.6% |
| WHEAT | 2023-11-02 | [Russian Wheat Pushes Growth of Black Sea Dry Bulk Exports \| Dry bulk shipping news \| Shipping Telegraph](https://feedsoft.ai/events/14348-russian-wheat-pushes-growth-of-black-sea-dry-bulk-exports-dry-bulk-shipping.md) | -1.1% | -0.5% |
| WHEAT | 2019-05-14 | [Increasing Black Sea exports are influencing price](https://feedsoft.ai/events/58941-increasing-black-sea-exports-are-influencing-price.md) | +11.5% | +10.0% |
| WHEAT | 2023-07-20 | [Significance of Black Sea ports for Russian commodities exports \| Reuters](https://feedsoft.ai/events/14377-significance-of-black-sea-ports-for-russian-commodities-exports-reuters.md) | -0.7% | -1.3% |
| KWHEAT | 2025-07-16 | [Black Sea Exports – News – SSY](https://feedsoft.ai/events/14188-black-sea-exports-news-ssy.md) | +1.8% | -2.5% |
| KWHEAT | 2026-10-26 | [Cash market update: Wheat falls on rising supply despite Black Sea risks as China’s US soybean purchases near 70% of its commitment - Fastmarkets](https://feedsoft.ai/events/442-cash-market-update-wheat-falls-on-rising-supply-despite-black-sea-risks-as.md) | -2.2% | — |
| KWHEAT | 2016-11-21 | [Black Sea exports a burgeoning threat \| World-grain.com \| November 21, 2016 15:25 \| World Grain](https://feedsoft.ai/events/73782-black-sea-exports-a-burgeoning-threat-world-grain-com-november-21-2016-15-25.md) | -0.5% | +0.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/lack-of-black-sea-shipping-agreement-causes-little-market-concern-amid-active-argentine-exports/

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