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The EU Commission lowered its 2017 sunflowerseed forecast to 9.0 million tonnes from 9.2 million in September, due to hot, dry weather in Romania and Hungary. The EU crop is still up 0.54 million tonnes from 2016 as yields are running about 20% above last year.
A smaller EU sunflower crop reduces domestic supply for crushers and tightens sunflower meal availability in Europe, modestly supportive for prices.
biofuelsdigest.comJim LaneNov 10, 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.
