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Oil World forecasts global sunflower production in 2017-18 will fall 0.9 million tonnes to 48.7 million tonnes. Large cuts are expected in Ukraine, to 13.8 million tonnes, and in the US, to 0.8 million tonnes.
Ending stocks are projected at 3.54 million tonnes, down from 3.69 million.
A smaller global sunflower crop and tighter ending stocks reduce meal and oil supply. This supports sunflower oil and meal prices.
grainsprices.comGate.BGSep 19, 2017Not enough comparable past events yet for a historical read.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
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.
