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Egypt's GASC bought 79,000 tonnes of soybean and sunflower oil at an international tender for April delivery, with sunflower oil priced at a steep discount to soybean oil. Analysts expect restored grain corridor operations to let Ukrainian traders supply sunflower oil and meal to Asia, altering world vegetable oil and meal prices.
Expected corridor-driven supply of sunflower products is bearish for vegetable oil and meal prices, though the article also flags a Q3 sunflower oil shortage that could lift premiums.
ukragroconsult.comFeb 27, 2023After 13 past bearish logistics events, Soybean Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +3.0%), and +0.3% over 20.
Not 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.
