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USDA forecasts 2022-23 global sunflower seed production at 49.2 million tonnes, down 14% from the record prior year, with the largest declines in Ukraine, Russia and Moldova. Consumption is forecast to fall only 2% as record beginning stocks support crush demand.
A sharp drop in Black Sea sunflower output tightens global oilseed meal and oil supplies, which supports sunflower meal prices.
farmprogress.comJohn SandbakkenJul 13, 2022Not enough comparable past events yet for a historical read.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), 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.
