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Analysts expect US sunflower acreage to rise in 2017 as producers seek crops that still pencil out amid depressed commodity prices. USDA projects a second-largest US soybean crop in 2017 with about 85.5 million acres, while private estimates near 89 million; Argentina and Brazil conditions were favorable in late December.
Larger expected US and South American soybean supplies are bearish for soybean and meal prices, while tighter sunseed stocks and oil premiums support sunflower values.
farmprogress.comJohn SandbakkenDec 29, 2016After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
Not enough comparable past events yet for a historical read.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
