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Ukrainian processors have lowered sunflower purchase prices to UAH 14-15 thousand/t, about $385-410/t delivered to plants, citing uncertainty over the grain corridor after November 19. Processors also asked the government to consider raising the sunflower seed export duty from 3.5% to 10% to favor oil exports.
Corridor uncertainty and a smaller crop of 9-10 million tonnes reduce crush volumes and meal supply, which is supportive for sunflower meal, while the export duty proposal could shift flows toward oil and away from seed exports.
ukragroconsult.comOct 26, 2022Not enough comparable past events yet for a historical read.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.
