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The USDA's August report cut its 2021-22 world oilseed production forecast to 629.52 million tonnes. Canada's canola crop was lowered 4.2 million tonnes on drought in the Prairies, and Russian sunflowerseed was cut.
Ukrainian sunflowerseed was raised on good rains.
Lower canola and sunflowerseed output tightens supplies of protein meals and vegetable oils, supporting prices for those feed ingredients.
world-grain.comChris LyddonSep 23, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
