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The US and Mexico reached a preliminary NAFTA pact, with Canada given until the end of the week to resolve differences. USDA's first estimate put 2018/19 US sunflower production down 4% at 2.08 billion pounds, mostly from non-oil types.
A NAFTA deal would preserve duty-free access for sunflower oil, meal and seed in Canada and Mexico, supporting export demand, while the lower US crop estimate is a modest supportive factor for sunflower prices.
hpj.comHPJ StaffSep 7, 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.
