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USDA's March report put Ukraine's 2020/21 sunflower seed crop at 14 million tonnes, 15% lower year on year. Ukrainian sunflower oil output was estimated at 5.92 million tonnes, down 20%, and world sunflower oil output was cut to 19.44 million tonnes.
A 20% drop in Ukrainian sunflower oil and lower world output tightens vegetable oil supply, supporting sunflower meal and soyoil prices.
latifundist.comСлужба новостейMar 10, 2021Not enough comparable past events yet for a historical read.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), 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.
