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Kernel, Ukraine's largest sunflower oil producer, describes its 2021 outlook as uninspiring because drought ruined the Black Sea sunseed crop. Its first-quarter EBITDA nearly tripled to $290 million on stronger crushing margins and trading.
A weak Black Sea sunseed harvest and expected tight supplies by the end of the marketing year support sunflower oil and meal prices. Reduced crush volumes would also cut meal availability.
fastmarkets.comRei GeyssensNov 27, 2020Not 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.
