# Kernel forecasts ‘uninspiring’ 2021 despite buoyant first quarter

> Ukrainian sunflower oil producer Kernel described its 2021 outlook as uninspiring despite a strong first quarter, with EBITDA tripling to $290M. The company blamed drought that damaged the Black Sea sunflower seed crop and expects a tight market by the end of the current marketing year.

- Date: 2020-12-17 · published 2020-12-17T12:00:00.000Z
- Category: weather · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/49790-kernel-forecasts-uninspiring-2021-despite-buoyant-first-quarter
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Drought-reduced Black Sea sunflower supply is likely to keep seed and oil prices firm into 2021, raising costs for sunflower meal and oil buyers. Kernel's processing target is also at risk.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-07-30 | [Soybean Prices Decline on Forecasted Midwest Rains Despite Strong Export Demand \| Tridge Insights](https://feedsoft.ai/events/18363-soybean-prices-decline-on-forecasted-midwest-rains-despite-strong-export-demand.md) | +2.0% | -1.0% |
| SBO | 2025-06-17 | [Rapeseed and canola prices continue to rise amid rising oil prices and declining harvest forecasts](https://feedsoft.ai/events/24336-rapeseed-and-canola-prices-continue-to-rise-amid-rising-oil-prices-and.md) | -3.8% | -1.6% |
| SBO | 2026-01-31 | [Argentina's Soybean Harvest Forecast for 2025/26: 48M Tons](https://feedsoft.ai/events/13816-argentina-s-soybean-harvest-forecast-for-2025-26-48m-tons.md) | +1.0% | +9.5% |
| SBO | 2021-08-31 | [Rapeseed and canola prices supported by lower crop forecasts in Canada](https://feedsoft.ai/events/45664-rapeseed-and-canola-prices-supported-by-lower-crop-forecasts-in-canada.md) | -1.2% | +0.0% |
| SBO | 2023-04-19 | [Soybean and soybean oil prices are rising amid another cut in Argentina’s crop forecasts](https://feedsoft.ai/events/36470-soybean-and-soybean-oil-prices-are-rising-amid-another-cut-in-argentina-s-crop.md) | -2.8% | -13.5% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/kernel-forecasts-uninspiring-2021-despite-buoyant-first-quarter

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.