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Ukrainian sunflower prices fell further despite USDA holding its global sunflower production forecast at 54.92 million tonnes. Local analysts expect a larger harvest than the USDA, which adds pressure on new-crop sunflower oil prices.
Ukraine's sunflower area is seen at 6.8-7 million hectares, and Russia's at about 9.25 million.
Expectations of a bigger new crop weigh on sunflower oil values, which feeds through to the price of seed and oil in the sunflower complex.
graintrade.com.uaJun 14, 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.
