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USDA data show US farmers intend to plant 1.22 million acres of sunflowers in 2021, down 29% from 2020. Trend-yield production is estimated at 2.1 billion pounds, 14% lower than last year.
Domestic crush is expected to rise to 1.2 billion pounds in 2020-21.
Lower US acreage tightens sunflower supplies for crushers and supports sunflower meal prices, even as crush demand grows.
farmprogress.comJohn SandbakkenJun 9, 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.
