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The USDA's November report raised its 2021/22 world sunflowerseed production forecast slightly to 56 million tonnes from 55.86 million. Ukraine's forecast was unchanged at 17 million tonnes, and EU output was raised by 0.2 million tonnes.
A modest upward revision adds marginally to global sunflower oil and meal supply, which is mildly bearish for sunflower meal and oil prices.
ukragroconsult.comNov 12, 2021Not enough comparable past events yet for a historical read.
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.
