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USDA data show US planted sunflower area in 2018 rose 4% from 2017 to 1.46 million acres, with oil-type area up 8%. Dakota acreage increased, and a trend yield implies US production up 1% to 2.20 billion pounds.
Prices trended higher after the report as the trade covered nearby needs.
A larger sunflower crop adds to oilseed meal supply, which is mildly bearish for sunflower meal, while the report helps set price direction for the season.
farmprogress.comAug 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.
