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Nearby sunflower prices held firm in early March, bucking the downward trend in wheat, corn and soybeans, as tight supplies and steady crusher and confectionery demand supported values. The National Sunflower Association also noted that analysts had cut Argentine sunflower production forecasts to 3.2 million metric tons, the smallest crop in over three years.
A smaller Argentine crop reduces global sunflower oil and meal exports, giving price support to US sunflower seed and competing meal and oil markets.
farmprogress.comJohn SandbakkenMar 2, 2020Not enough comparable past events yet for a historical read.
After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% over 20.
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.
