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US sunflower planted area rose 27% in 2020 to 1.72 million acres, and output rebounded to 2.98 billion pounds. Argentine sunflower production is forecast at 2.7-2.8 million tonnes after drought cut acres and yields.
Argentine and Black Sea shortfalls give sunflower oil and meal a price premium, while larger US supply expands domestic crush and product availability.
farmprogress.comJohn SandbakkenMar 5, 2021Not enough comparable past events yet for a historical read.
After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), 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.
