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Ukraine is ramping up oilseed exports to China, with sunflower oil purchases up 40% year on year and first-eight-month shipments reaching 880 KMT. Sunflower meal shipments to China have reached about 1.47 MMT this season, far above the prior year.
Strong Chinese demand for Ukrainian sunflower meal and oil supports Black Sea oilmeal and vegoil prices and tightens the sunflower complex available to feed buyers.
ukragroconsult.comMay 19, 2021Not enough comparable past events yet for a historical read.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), 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.
