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In its July report, the USDA raised its 2017/18 Black Sea sunflower production forecast by 600,000 tonnes to 28.2 million tonnes, with Ukraine up 500,000 tonnes and Moldova up 100,000 tonnes. Ukrainian sunflower oil exports are projected to rise 2% to 5.2 million tonnes.
Larger Black Sea supply adds to global sunflower oil and meal availability, which tends to weigh on prices.
graintrade.com.uaJul 17, 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.
