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USDA raised its Black Sea rapeseed forecast for 2017/18 while lowering soybean and sunflower estimates. Ukraine's sunflower forecast was cut by 500,000 tons to 13 million tons, and the Black Sea region is expected to harvest 26.9 million tons of sunflower seed.
Processors are raising crush-side prices to secure raw material.
Tighter sunflower seed supply in Ukraine supports higher sunflower meal and oil costs, though the gap between USDA and local estimates adds uncertainty.
graintrade.com.uaNov 14, 2017Not 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.
