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USDA's 2019 sunflower production estimate of 1.94 billion pounds, down 8% from 2018, came in well above industry expectations. The total includes unharvested acres and expected production, since about 20% of the crop was still in the field at release.
Industry groups urge caution in using the figures.
A higher-than-expected USDA figure could weigh on sunflower prices if it is confirmed, though the inclusion of unharvested acres makes the number uncertain. Feed buyers should watch for revisions in later reports.
farmprogress.comJohn SandbakkenFeb 5, 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.
