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Industry commentary from the National Sunflower Association suggests US oil sunflower acres will be roughly flat in 2023 while confection acres may rise slightly. Attractive new-crop contract prices near year-earlier levels and crop rotation benefits are cited as supports, though no firm acreage data is given.
Stable US sunflower acreage implies no major change in US sunflower meal and oil supply, so the outlook has little immediate price impact on feed markets.
farmprogress.comJohn SandbakkenMar 21, 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.
