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The National Sunflower Association says US sunflower acres could rise 10% to 15% in 2019 without seriously pressuring prices, based on contracting chatter and firm oil sunflower prices. The article also notes a shift from NuSun to high-oleic varieties and growing domestic and export demand for sunflower oil.
Expanded sunflower plantings would add supply to the oilseed and meal complex, but the association judges demand strong enough to absorb it without a big price hit.
farmprogress.comJohn SandbakkenApr 2, 2019After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% over 20.
Not 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.
