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USDA projects 2021/22 global sunflowerseed production up 10% to 54.92 million tons, driven by larger crops in Russia and Ukraine. Global seed stocks are forecast to rise 20%, and sunflower oil trade is expected to be the second highest on record.
A larger sunflower seed crop and higher stocks add to global oilseed meal supply, which weighs on protein meal prices.
farmprogress.comJohn SandbakkenJul 19, 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.
