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Lower yield estimates are shaping the sunflower seed market and prices. Ukrainian President Zelenskiy asked the European Commission to drop EU import restrictions on Ukrainian wheat, corn, rapeseed and sunflower seed when they expire on 15 September, while Bulgaria, Hungary, Poland, Romania and Slovakia want them extended to year-end.
Possible extension of EU restrictions would keep Ukrainian grain and oilseeds out of the EU, supporting EU prices and tightening flows of sunflower seed and rapeseed meal. Uncertainty adds volatility.
mundus-agri.euJul 27, 2023Not enough comparable past events yet for a historical read.
After 182 past bullish policy events, WHEAT moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.
After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
