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USDA forecasts 2024/25 global sunflower production at 55.4 million tonnes, up 1%, with increases in Ukraine, Turkey and the EU and decreases in Russia and Argentina. Global seed stocks are forecast to fall 11% to below the five-year average.
Tighter ending stocks support sunflower seed and meal prices, though the overall production increase limits the upside. Weather over the summer could shift these numbers considerably.
farmprogress.comJohn SandbakkenJun 26, 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.
