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USDA data show 2017 U.S. sunflower production at 2.17 billion pounds, down 18% from 2016 but 19% above the October forecast. Yields were the third highest on record despite Dakota drought, and oil-type output exceeded industry estimates.
A larger-than-forecast crop eases tightness in sunflower meal and oil supplies, which is mildly bearish for sunflower meal values. Crushers now have a firm base for 2018 acreage and contract pricing.
hpj.comHPJ StaffJan 28, 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.
