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Sunflower seed prices rose $1.65 to $2.05 per cwt after harvest, which is unusually strong for this time of year. Oil World forecasts global sunflower production down 5.45 million tonnes to 50.4 million, a three-year low, due to drought in the Black Sea region and lower Argentine acreage.
Tighter sunflower seed supply lifts the cost of sunflower meal and oil, and buyers may need to replace seed-based protein with other meals. The tight balance is likely to keep prices firm.
farmprogress.comJohn SandbakkenJan 4, 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.
