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Ukrainian sunflower oil FOB prices for July-August delivery fell 100 USD/ton on 17 June 2021 to 1,140-1,170 USD/ton. Russia's weekly wheat export tax rose to 38.1 USD/ton and corn's to 50.2 USD/ton, while Chicago commodity funds were net sellers of corn, soybeans and wheat.
Brazil's June soybean exports were forecast at 11.5 million tons.
Sunflower oil prices are falling on weak demand and port stocks of about 400,000 tons, which pressures sunflower meal and vegetable oil values. Higher Russian export duties tighten the Black Sea export price outlook for wheat and corn.
bursacereale.comGate.BGJun 20, 2021After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
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.
