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USDA's Foreign Agricultural Service forecasts Turkey's 2022-23 sunflower seed crop at a record 1.9 million tonnes, with record sunflower meal and oil output. Turkey's seed imports are forecast at 1 million tonnes, assuming the Ukraine grain corridor stays open.
A record Turkish crush reduces its import needs for seed and crude oil, which is modestly bearish for Black Sea sunflower exports and sunflower meal demand from Turkey.
world-grain.comArvin DonleyOct 7, 2022Not enough comparable past events yet for a historical read.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% 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.
