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The USDA October report cut its 2021/22 Ukrainian sunflowerseed production projection to 17 million tonnes, down 0.5 million from September. Meal and oil forecasts for Ukraine were also trimmed, while world sunflowerseed output was raised.
A smaller Ukrainian crop reduces Black Sea sunflower meal and oil supply, supporting prices for sunflower products in a market already tight on vegetable oils.
latifundist.comЛюдмила ГоробецOct 13, 2021Not enough comparable past events yet for a historical read.
After 296 past bullish report events, Soybean Oil 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.
