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USDA data show 2020 US sunflower planted area up 14% from 2019 to 1.54 million acres, with oil-type acres up 15%. Initial trend-yield estimates put oil-type production at 2.12 billion pounds, up 12%, and sunflower prices have trended higher since the report.
Larger US sunflower acreage raises future crush supply and meal output, but lower old-crop stocks and firm export demand support current prices.
farmprogress.comJohn SandbakkenAug 4, 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.
