Loading…
Strategie Grains raised its EU sunflower seed production forecast by 230,000 tonnes to 10.89 million tonnes, a record. Sowings were lifted to 4.79 million hectares on high prices, which remain about 48% above pre-war levels.
A larger EU sunflower crop adds supply that could ease the tight sunflower oil and meal market, though record seed prices still support the complex.
grainpricenews.comMike VerdinMay 30, 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.
