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Ukrainian sunflower prices fell after USDA raised its global sunflower production forecast by 1.04 million tons to 57.04 million. Purchase prices fell 800-1000 UAH/ton as palm and soybean oil also declined.
A larger global sunflower crop and weaker vegetable oils pressure sunflower meal and seed prices, though Egyptian tender buying gave some support.
ukragroconsult.comDec 16, 2021Not 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.
After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), 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.
