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USDA's February report cut sunflower production forecasts for Argentina and Russia, while raising Ukraine's harvest estimate to 10.4 million tonnes. World 2022/23 sunflower production fell 0.31 million tonnes to 50.77 million, and world ending stocks were reduced by 0.88 million tonnes.
A tighter global sunflower balance supports sunflower meal and oil prices, though Ukraine's larger crop partly offsets the Argentine and Russian cuts.
ukragroconsult.comFeb 10, 2023Not enough comparable past events yet for a historical read.
After 296 past bullish report events, SBO 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.
