# Sunflowers may ‘pencil out’ in 2017

> 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.

- Date: 2016-12-29 · published 2016-12-29T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/73569-sunflowers-may-pencil-out-in-2017
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-01 | [Corn and Soybean Production Outlook in 2017-18](https://feedsoft.ai/events/72931-corn-and-soybean-production-outlook-in-2017-18.md) | 0.0% | +2.8% |
| SOY | 2022-04-29 | [Soybean, sunflower production growing in Argentina \| World Grain](https://feedsoft.ai/events/14039-soybean-sunflower-production-growing-in-argentina-world-grain.md) | -1.6% | +1.2% |
| SOY | 2018-09-20 | [Sunflower markets end the week mixed - High Plains Journal](https://feedsoft.ai/events/63145-sunflower-markets-end-the-week-mixed-high-plains-journal.md) | +2.4% | +6.7% |
| SOY | 2018-02-26 | [Iowa produces second biggest crop in 2017](https://feedsoft.ai/events/66351-iowa-produces-second-biggest-crop-in-2017.md) | +2.4% | -0.8% |
| SOY | 2017-06-29 | [In 2017 – 2018г. global production of oil meals will reach a new record](https://feedsoft.ai/events/70616-in-2017-2018-global-production-of-oil-meals-will-reach-a-new-record.md) | +7.3% | +8.8% |
| SBM | 2019-10-28 | [Russian sunflower seed & soybeans: new record in production](https://feedsoft.ai/events/56682-russian-sunflower-seed-and-soybeans-new-record-in-production.md) | +0.2% | -1.4% |
| SBM | 2022-04-29 | [Soybean, sunflower production growing in Argentina \| World Grain](https://feedsoft.ai/events/14039-soybean-sunflower-production-growing-in-argentina-world-grain.md) | -3.3% | -3.4% |
| SBM | 2023-01-19 | [China’s 2022 pork output rises to highest in eight years](https://feedsoft.ai/events/37766-china-s-2022-pork-output-rises-to-highest-in-eight-years.md) | -2.5% | +1.9% |

## Sources

- farmprogress.com: https://www.farmprogress.com/crops/sunflowers-may-pencil-out-in-2017

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.