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Drought in eastern Bulgaria is affecting sunflower kernel development, raising concern that kernels will be small as they were last year. Market players still expect an average yield, with the EU crop estimated at 10.45 million tonnes.
Farmgate in-shell prices fell to EUR 332 per tonne as harvest approaches.
Smaller kernels would reduce hulled output and support kernel prices, but the expected average yield and falling in-shell prices limit upside for sunflower meal.
mundus-agri.euJul 23, 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.
