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Nearby sunflower seed prices have risen almost $2 per hundredweight in a recent rally, and 2020 new-crop prices are at a six-year high. Traders are debating whether China will meet Phase One purchase commitments, and the deal's enforcement is uncertain.
Higher sunflower seed prices reflect tight supply expectations and can lift the cost of sunflower meal for feed users. Price direction still depends on South American oilseed output and confirmed Chinese buying of US farm goods.
hpj.comHPJ StaffFeb 1, 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.
