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Ukrainian sunflower purchase prices are rising as ship traffic into Black Sea ports picks up and processors compete for limited farm offers. The Joint Coordination Centre reported 76 ships waiting to enter Ukrainian ports as of November 22, down from 175 at the start of the month.
Ukraine's sunflower oil exports rose while seed and meal exports fell sharply, and the smallest sunflower crop in years is expected.
A small crop and constrained processing support sunflower meal and oil prices, while the drop in meal exports reduces near-term supply to feed buyers.
ukragroconsult.comNov 24, 2022Not enough comparable past events yet for a historical read.
After 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% 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.
