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USDA's February report raised its forecasts for Ukrainian sunflower oil exports to 3.85 million tonnes, sunflower meal exports to 3.2 million tonnes, and sunflower seed exports to 2.65 million tonnes. The increases reflect higher processing and strong demand, particularly from China.
Larger expected Ukrainian sunflower meal and oil supplies add bearish pressure to vegetable oil and meal prices, partly offset by strong import demand.
tridge.comVictor LangatFeb 13, 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.
