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The August WASDE lowered the 2024/25 global sunseed harvest by 2.3 million tonnes to 52.5 million, with cuts for Ukraine, the EU and Russia. Global sunseed processing was reduced by 2.15 million tonnes, and Ukraine's ending stocks fell to the lowest since 2020/21.
Lower global crush and tighter Ukrainian stocks reduce sunmeal and sunflower oil availability, supporting meal prices.
ukragroconsult.comAug 13, 2024Not enough comparable past events yet for a historical read.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), 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.
