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The EU Commission estimates 2023 EU sunflower seed output at about 10.9 million tonnes, up nearly 18% and a record, driven by higher yields in Romania and Hungary. Romania's crop is seen at 3.3 million tonnes, while France and Germany are expected to decline.
A record EU crop adds supply that can offset reduced Ukrainian exports, easing sunflower meal and oil price pressure over the coming season.
biobased-diesel.comUFOPApr 14, 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.
