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The National Sunflower Association expects a substantial decline in oil-type sunflower acres this growing season, while confection acres stay roughly flat. Crushing plants are offering new-crop contracts with Act of God clauses.
Nearby crushing prices remain under pressure from large seed supplies carried over from prior crops.
Smaller oil-type sunflower plantings would reduce future seed and meal supply, which could support sunflower meal prices later in the season.
farmprogress.comJohn SandbakkenMar 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.
