# Sunflowers buck negative price trend

> 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.

- Date: 2020-03-02 · published 2020-03-02T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/54251-sunflowers-buck-negative-price-trend
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A smaller Argentine crop reduces global sunflower oil and meal exports, giving price support to US sunflower seed and competing meal and oil markets.

## Read by commodity

- SBO: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-08-31 | [Low yield supports the price of rapeseed and sunflower](https://feedsoft.ai/events/51719-low-yield-supports-the-price-of-rapeseed-and-sunflower.md) | -0.9% | -0.3% |
| SBO | 2020-04-08 | [Continues the speculative rise in prices for soybean and sunflower oil](https://feedsoft.ai/events/53736-continues-the-speculative-rise-in-prices-for-soybean-and-sunflower-oil.md) | -3.4% | -7.1% |
| SBO | 2020-01-07 | [Late, difficult harvest boosts sunflower prices](https://feedsoft.ai/events/55197-late-difficult-harvest-boosts-sunflower-prices.md) | -1.8% | -10.3% |
| SBO | 2021-03-05 | [Strong rebound in sunflower production](https://feedsoft.ai/events/48239-strong-rebound-in-sunflower-production.md) | +9.6% | +8.5% |
| SBO | 2019-11-07 | [A Sunflower Surprise on the Horizon?](https://feedsoft.ai/events/56201-a-sunflower-surprise-on-the-horizon.md) | -3.8% | -4.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/crops/sunflowers-buck-negative-price-trend

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.