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USDA's May report puts Ukrainian sunflower oil production at 5.63 million tonnes for 2017-18, with sunflower seed output of 13.5 million tonnes and oil exports forecast at 5 million tonnes. For 2016-17, USDA sees 5.76 million tonnes of production and 5.1 million tonnes of exports.
A large Ukrainian crop and strong export pace keep sunflower oil supply ample, which weighs on vegetable oil prices and limits support for sunflower meal.
grainsprices.comGate.BGMay 15, 2017After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
Not 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.
