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USDA projects US sunflower planting at 1.36 million acres in 2023, down 20% from 2022. Trend-yield production is estimated at 2.3 billion pounds, 18% lower, with oil-type output falling 22%.
A smaller US crop tightens domestic crushing supply and supports sunflower meal prices, especially with ample seed stocks cushioning crushers in the near term.
farmprogress.comJohn SandbakkenMay 30, 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.
