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The EU exported a record 318,000 tonnes of sunflower oil from April 2022 to June 2023. Russia's 2023 sunflower crop is projected at a record 16.6 million tonnes, and Bulgarian mills face closure after a ban on cheap Ukrainian seed imports.
A record Russian crop and rising EU oil exports add supply to the sunflower complex, which pressures sunflower meal and oil prices.
tridge.comNur HameedSep 1, 2023Not enough comparable past events yet for a historical read.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% 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.
