Loading…
USDA's initial 2019 sunflower estimates put the US oil-type crop at 1.9 billion pounds, about flat with last year, on slightly higher planted acreage and a lower trend yield. Oil-type prices are projected near $16.10/cwt and confection-type near $21.60/cwt.
Domestic crush is expected to rise 5% to 1.1 billion pounds.
A roughly flat US crop with higher crush points to steady sunflower meal supply for feed buyers, with no strong price shock indicated.
farmprogress.comJohn SandbakkenJun 18, 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.
