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World sunflower planted area reached new highs in 2017, but poor weather cut output in the EU, Ukraine and Russia. Global 2018 production may reach 50 million tonnes for the first time, according to Nuseed.
Growers are already securing seed for 2018 planting as prices edge higher.
Expected record global output of 50 million tonnes adds supply to vegetable oilseeds and tempers price gains, though rising demand for high oleic oil supports values.
nuseed.comMar 17, 2018Not enough comparable past events yet for a historical read.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% over 20.
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.
