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Drought has spread across a larger part of the US sunflower region, with some areas in exceptional drought, the highest category. Farmers and analysts say the dry conditions are supporting sunflower prices, with reported cash bids in the range of about $0.12 to $0.13 per pound.
Dryness in the main sunflower belt cuts expected seed output and tightens supply for crushers, supporting sunflower meal prices.
agupdate.comMark Conlon, Farm, Ranch GuideJul 28, 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.
