Loading…
Nebraska farmers planted 37,000 acres of sunflowers, far behind North Dakota at 436,000 acres and South Dakota at 571,000 acres. The National Sunflower Association reports global sunflower oil trade is forecast at its second-highest level on record, and US sunflower oil exports are up 23% in the first seven months of the marketing year.
Strong export growth in sunflower oil supports demand for US sunflower oil, while planting in the main states is in line with normal levels. Sunflower oil demand is a modest support for oilseed crush margins.
nefb.orgJul 22, 2019Not enough comparable past events yet for a historical read.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% 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.
