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Sunflower crush plant prices ended the week mixed, from down 5 to up 5 cents. The US dollar fell to its lowest level in over three years, and traders expected overseas buyers to shift toward South American supplies.
A weaker dollar can support US export demand for oilseeds, but seasonal shifts to South American supply may cap sunflower prices.
hpj.comHPJ StaffFeb 1, 2018After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
