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The latest USDA report forecasts global sunflower seed production up 1% to 46.6 million tonnes in 2017-18, with world stocks falling 10% to their lowest level in 15 years. Sunflower oil trade is forecast to rise on strong demand from India, the EU, North Africa and the Middle East.
Tightening global seed and oil stocks support sunflower meal and oil prices, though US stocks are comfortable and weather could still change the outlook.
farmprogress.comJul 6, 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.
