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USDA forecasts Ukraine's 2019/20 sunflowerseed crop at 15.5 million tonnes, up 3% year on year and the highest in several seasons. Global sunflowerseed output is projected at 53.48 million tonnes, with Russia's crop up 14%.
A large Black Sea and global sunflower crop adds supply to sunmeal and sunoil markets, a bearish factor relative to the tight seed prices seen elsewhere.
latifundist.comDec 12, 2019Not 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.
