# Sunflower prices decline after the price of oil

> Ukrainian sunflower purchase prices continued to fall amid lower oil prices and rising new-crop supplies. Sunflower oil fell to around 660-680 $/t FOB Black Sea, with Chicago soybeans and soybean oil dropping sharply on record US crops and China's trade-related refusal to buy.

- Date: 2018-09-20 · published 2018-09-20T12:00:00.000Z
- Category: market · region Ukraine · magnitude low
- Page: https://feedsoft.ai/events/63149-sunflower-prices-decline-after-the-price-of-oil
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower soybean and palm oil prices drag down vegetable oil values, cutting the cost-basis support for sunflower seed and reducing the value of high-oil crops, while meal supply expands.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼
- SUNMEAL: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-sonyashnik-znizhuyutsya-slidom-za-tcinami-na-oliyu.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.