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US sunflower harvest has begun, with drought in North and South Dakota raising questions about yields. Planted area fell 16% to 1.33 million acres, and initial production estimates of about 800,000 MT compare with 1.2 MMT last year.
Global 2017-18 output is projected at 48.7 MMT.
A sharply smaller US crop would tighten sunflower meal and oil supplies and likely support prices, with USDA final figures due in January.
farmprogress.comOct 3, 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.
