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A National Sunflower Association commentary expects oilseed sunflower acres to hold steady in 2021 while confectionery acres decline slightly. Oil sunflower prices have risen 25-30% on strong domestic oil demand and reduced 2020 global output, which was down 10% from 2019.
Flat oil sunflower acreage with tight global supply keeps sunflower oil and meal prices supported, while confection acreage cuts have little effect on feed markets.
farmprogress.comJohn SandbakkenApr 8, 2021Not enough comparable past events yet for a historical read.
Not 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.
