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USDA's August report raised its Ukraine 2023/24 sunflower seed production forecast by 0.9 million tonnes to 13.5 million tonnes. Sunflower meal output was raised to 5.25 million tonnes and exports to 4.2 million tonnes.
Higher Ukrainian meal output and exports add supply to world sunflower meal markets, a bearish factor for feed meal prices.
Not 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.