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Ukraine may plant only about half its normal sunflower crop, with 3.5 to 4 million hectares expected versus 6.8 million last year, according to UkrAgroConsult. Farmers face fuel shortages and damaged infrastructure, and corn and barley plantings are also expected to fall.
A roughly halved Ukrainian sunflower crop removes a major source of vegetable oil and meal, tightening global supplies and supporting prices of sunoil, palm and canola.
ukragroconsult.comMar 22, 2022Not enough comparable past events yet for a historical read.
After 110 past bullish geopolitics events, Soybean Oil moved a median +1.8% over 5 sessions (65% higher; middle half -0.7% to +3.6%), and -0.4% over 20.
After 62 past bullish geopolitics events, Palm Oil moved a median +2.5% over 5 sessions (74% higher; middle half -0.1% to +5.8%), and +4.0% over 20.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% 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.
