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Demand for sunflower seed in Ukraine's domestic market is weak this season compared with last year, as feed producers switch to soybean meal with up to 35% protein. The company's main sales of 70% went to export markets.
Feed buyers substituting soybean meal for sunflower seed reduces domestic sunflower demand, which is bearish for local sunflower seed and supports soybean meal's role in feed.
Not enough comparable past events yet for a historical read.
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.