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Russia's 2019/20 oilseed season shows large planted-area increases for sunflower seed and soybeans, with USDA October forecasts putting global sunflower seed output above 51 million tonnes. Russia's 2018 oilseed harvest reached a record 18.8 million tonnes.
Expanding Russian oilseed output and growing crush capacity add supply to global sunflower meal and oil markets, a bearish influence on prices.
apk-inform.comOct 28, 2019Not enough comparable past events yet for a historical read.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
