# CropGPT - Sunflower - Week 33 - by Rob Weston

> 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.

- Date: 2024-08-18 · published 2024-08-18T12:00:00.000Z
- Category: weather · region Romania · magnitude low
- Page: https://feedsoft.ai/events/28925-cropgpt-sunflower-week-33-by-rob-weston
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower Romanian and global output combined with Russian export duties tightens sunflower product supplies, supporting sunmeal prices.

## Read by commodity

- SBO: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-03-05 | [Strong rebound in sunflower production](https://feedsoft.ai/events/48239-strong-rebound-in-sunflower-production.md) | +9.6% | +8.5% |
| SBO | 2019-11-07 | [A Sunflower Surprise on the Horizon?](https://feedsoft.ai/events/56201-a-sunflower-surprise-on-the-horizon.md) | -3.8% | -4.6% |
| SBO | 2022-03-10 | [Argentina's sunflower crop could dip just as Ukraine war hits supply \| Reuters](https://feedsoft.ai/events/42392-argentina-s-sunflower-crop-could-dip-just-as-ukraine-war-hits-supply-reuters.md) | -7.2% | +238.1% |
| SBO | 2020-01-07 | [Late, difficult harvest boosts sunflower prices](https://feedsoft.ai/events/55197-late-difficult-harvest-boosts-sunflower-prices.md) | -1.8% | -10.3% |
| SBO | 2021-08-31 | [Rapeseed and canola prices supported by lower crop forecasts in Canada](https://feedsoft.ai/events/45664-rapeseed-and-canola-prices-supported-by-lower-crop-forecasts-in-canada.md) | -1.2% | +0.0% |

## Sources

- cropgpt.substack.com: https://cropgpt.substack.com/p/cropgpt-sunflower-week-33-a00

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