# The global balance of sunflower continues to deteriorate

> 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.

- Date: 2023-02-10 · published 2023-02-10T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/37437-the-global-balance-of-sunflower-continues-to-deteriorate
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A tighter global sunflower balance supports sunflower meal and oil prices, though Ukraine's larger crop partly offsets the Argentine and Russian cuts.

## Read by commodity

- SBO: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-07-13 | [Global sunflower production expected to drop](https://feedsoft.ai/events/40600-global-sunflower-production-expected-to-drop.md) | +0.0% | +4.2% |
| SBO | 2019-07-17 | [Strong global demand fuels sunflower oil trade](https://feedsoft.ai/events/58214-strong-global-demand-fuels-sunflower-oil-trade.md) | +0.1% | +4.2% |
| SBO | 2022-12-21 | [Global sunflower production down due to war in Ukraine](https://feedsoft.ai/events/38355-global-sunflower-production-down-due-to-war-in-ukraine.md) | -0.2% | -3.4% |
| SBO | 2017-09-19 | [In 2017 – 2018 global sunflower production will decrease by 1 million tonnes](https://feedsoft.ai/events/69077-in-2017-2018-global-sunflower-production-will-decrease-by-1-million-tonnes.md) | -1.2% | -1.8% |
| SBO | 2024-11-13 | [Sunflower seeds: global crop significantly lower  - Mundus Agri](https://feedsoft.ai/events/27528-sunflower-seeds-global-crop-significantly-lower-mundus-agri.md) | -3.4% | -8.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/the-global-balance-of-sunflower-continues-to-deteriorate/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.