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Ukrainian sunflower purchase prices fell from a record 15,000-15,500 UAH/t after oil and vegetable oil prices dropped sharply. Palm oil in Malaysia fell 2.4% and US soybean oil futures had their biggest daily drop in five months.
Harvest pressure from new-crop offerings also weighed on Ukrainian sunflower oil.
Lower vegetable oil prices reduce the value of sunflower and soy oil and the meal produced alongside, easing feed input costs, though the sunflower oil premium over soy still constrains demand.
graintrade.com.uaSep 22, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Reports US soybean oil futures had their biggest daily drop in five months alongside falling Malaysian palm oil, directly describing the selloff within the window.
