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Nearby US oil-type sunflower prices are up about 20% from a year ago after a smaller 2017 crop and lower beginning stocks pushed crushers to use up inventories. USDA forecasts the 2018-19 US sunflower crop at 2.08 billion pounds, down from 2.17 billion, with non-oil-type acreage down 20%.
Tighter US sunflower supplies and a smaller forecast 2018-19 crop support sunflower seed and meal prices, which matter for buyers of oilseed meals.
farmprogress.comJun 5, 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.
