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Oil-type sunflower seed prices are about 10% lower than a year earlier, under pressure from large old-crop stocks that were 40% above the prior year on March 1, the highest since 2006. USDA projects 2017-18 global sunflower output at 46.1 million tonnes, up 1%.
Heavy US and global sunflower stocks keep meal and oil prices under pressure, although expected domestic crush growth of 11% supports demand for sunflower products.
farmprogress.comJohn SandbakkenJun 7, 2017Not enough comparable past events yet for a historical read.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), 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.
