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CropGPT's weekly sunflower update reports drought and heat cut yields and quality in Romania, pushing prices up. It also notes Ukraine's sunflower meal exports are down while EU demand rises, Russia extended its sunflower oil export duty, and USDA lowered its global sunflower production forecast.
Lower Romanian and global output combined with Russian export duties tightens sunflower product supplies, supporting sunmeal prices.
cropgpt.substack.comRob WestonAug 18, 2024Not enough comparable past events yet for a historical read.
After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% 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.
