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USDA data show US sunflower planted area down 21% from 2016 to 1.27 million acres, with oil-type area down 24%. Drought in the Dakotas could reduce output further, and trend-yield production is seen falling 30% to 1.56 billion pounds.
A sharp drop in US sunflower supply tightens oilseed meal availability and supports prices heading into harvest.
farmprogress.comAug 2, 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.
