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Ukraine's sunflower processing fell 36% in June from May's record as raw material stocks dwindled, yet meal exports hit a June record of 412,000 tonnes. Export prices fell $4-5/t to $190-195/t, down 16-18% over the month.
Shrinking crush volumes point to tighter meal supply in July and August, but weak export prices show current demand is not yet bidding up the market, so the price direction is mixed.
commodity-board.comElizabeth GilbertJul 9, 2024Not 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.
