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National Sunflower Association director John Sandbakken says harvest is ahead of schedule with little delivery pressure, and prices have strengthened over the last two to three weeks. The 2020 crop is the largest in at least five years after a small 2019 crop left stocks low.
Strong sunflower oil demand is expected to lift 2021 acreage by 10-15%.
Low beginning stocks and firm oil demand support sunflower prices, while expected acreage growth could ease supply later.
brownfieldagnews.comMark DorenkampOct 30, 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.
