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Russia exported over 1.36 million tons of sunflower meal in the 2018/19 season as of early July, already exceeding the last four seasons, with full-season exports possibly reaching 1.4-1.5 million tons. Ukrainian meal shipments to China have surged to 837 thousand tons, over 20% of exports, making China the largest sunflower meal importer after the EU.
Strong Chinese demand for protein meal is pulling sunflower meal away from the EU and Belarus, tightening available supply and supporting meal prices for feed buyers. Sunflower meal competes with soybean and rapeseed meal, so firm sunflower demand can support protein meal values.
pionerprodukt.bymyWebTeam, http://mywebteam.orgJul 25, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
