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The European Commission cut its 2024 EU sunflower seed crop estimate to 8.041 million tonnes, down 17.9% year on year, with Germany revised down 5.2% to 127,000 tonnes. High prices are dampening demand.
A smaller EU crop of 17.9% below last year tightens sunflower seed and meal supply in Europe, supporting prices for sunflower products.
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.