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USDA put 2017 US sunflower production at 2.17 billion pounds, down 18% from 2016 but above the October forecast. Oil-type output fell 22% to 1.86 billion pounds, and prices are running above last year's levels.
A smaller oil-type crop tightens sunflower oil and meal supplies, supporting seed and meal prices into the new crop year.
farmprogress.comJohn SandbakkenFeb 7, 2018Not enough comparable past events yet for a historical read.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), 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.
