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The USDA cut its 2023/24 global sunflower seed production forecast by 0.5 million tonnes to 55.08 million tonnes, on lower output in the EU, Russia and Argentina. Global ending stocks are forecast to fall 23% to 3.1 million tonnes.
Lower seed supply and tighter ending stocks reduce sunflower meal and oil availability, supporting prices for these protein and oil sources in feed markets.
farmprogress.comJohn SandbakkenFeb 22, 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.
