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Russian sunflower exports for 2019/20 were expected to reach a record 3.1 million tonnes, up 15% on the year, after a bumper crop of 15.3 million tonnes. Russian sunflower oil gained share in India and China, cutting into Ukraine's position as the largest sunflower oil exporter.
Heavier Russian sunflower oil supply gives buyers more competitive origins, which weighs on sunflower oil prices and adds bearish pressure to the sunflower complex.
ofimagazine.comJun 30, 2020After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
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.
