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Sunflower crush-plant prices fell 5 cents to unchanged last week. USDA's September report showed US sunflower planted area down 8% from 2017 at 1.29 million acres, and USDA raised soybean ending stocks to 845 million bushels, above trade expectations.
Bigger soybean stocks and China's plan to cut meal imports weigh on soybean complex prices, which pressures sunflower and other oilseed meal values, while tight sunflower carryout could support seed prices later.
hpj.comHPJ StaffSep 20, 2018Not enough comparable past events yet for a historical read.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
