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Crude sunflower oil in Rotterdam rose to $900-910/t from $855-865/t as oil prices and export demand firmed. European sunflower seed prices kept sliding, falling from EUR 425/t to EUR 390/t over 9 September to 9 October.
Bulgaria banned Ukrainian sunflower imports until the end of November.
Bulgaria's import ban limits Ukrainian export outlets and the slide in European seed prices signals ample supply, which pressures sunflower meal values.
tridge.comVictor LangatOct 11, 2023Not enough comparable past events yet for a historical read.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
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.
