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Sunflower oil prices have risen relative to soybean oil as Ukraine's sunflower harvest fell 34%, yet world sunflower prices fell because of record global oilseed and vegoil supplies and weak import demand. The article says the price gap favouring sunflower oil could shift the balance.
A narrower spread would move buyers toward soybean oil and sunflower oil, influencing crush margins and the value of meal byproducts across vegetable oil markets.
agrisupp.comJan 4, 2023Not enough comparable past events yet for a historical read.
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.
