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USDA projects world sunflower seed output in 2019/20 at 50.95 million tons, down from a record 51.47 million in 2018/19, with Ukraine and Russia both lower. World sunflower meal output is forecast to rise to 21.34 million tons and import forecasts for meal were raised to 7.52 million tons.
Russia and Ukraine sunflower plantings and crop conditions are described as good.
Higher projected sunflower meal imports and a slightly smaller seed crop support meal demand, although the change in supply is modest.
graintrade.com.uaJun 14, 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.
