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US high oleic sunflower crush bids were mixed last week, down up to 35 cents or unchanged. Traders said USDA's December WASDE made little change to soybean estimates, and attention has turned to South American crops and El Niño weather risks.
With no change in the USDA soybean balance sheet, price direction is driven by weather in Brazil and Argentina. Oilseed meal and oil prices stay sensitive to each forecast revision.
hpj.comHPJ StaffDec 13, 2023Not 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.
