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Market participants expect prices for Eastern European bakery sunflower kernels to decline in January. Russia's sunflower acreage reached a record 8.1 million hectares, and Ukraine had harvested 13.2 million mt of seed by late season.
Ukraine's total crop is estimated at about 15 million mt.
Large Russian and Ukrainian crops point to ample sunflower supply and softer kernel prices. This pressure mainly affects the kernel trade rather than feed meal.
mundus-agri.euNov 9, 2018Not 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.
