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South African sunflower seed production fell 24% to a six-year low, prompting a record 75,000 tonnes of sunflower oil imports mainly from Argentina and the EU. Local soybean output is at a three-year low, though carry-over stocks have limited soybean oil and meal imports.
Record South African vegetable oil imports reflect tight domestic sunflower supply and low global oil prices, supporting demand for Argentine and EU sunflower oil.
agricultureportal.co.zaFarming PortalAug 13, 2019After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
