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The sunflower market is weighing USDA's March 31 Prospective Plantings report, which showed fewer sunflower acres than trade expectations. Analysts note the report has not yet led to a clear price trend, and attention is shifting to the upcoming acreage and crop outlook.
Lower projected US sunflower acreage could tighten domestic seed supply and support sunflower meal and oil values if it holds through planting.
agupdate.comMark ConlonApr 15, 2023Not enough comparable past events yet for a historical read.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.
