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Ukraine harvested a bumper 2016 sunseed crop of about 14 MMT, enabling record sunoil production of 2.5 MMT and exports above 2.2 MMT in the first five months of 2016/17. Sunseed exports are also rising.
Large Ukrainian sunoil supply pressures vegoil prices, and export potential depends on world prices of competing vegetable oils.
smiraponitke.comMar 14, 2017After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.
