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Ukrainian sunflower meal exports rose to 349.8 thousand tonnes in October 2016, up from 141.5 thousand in September, and 491.3 thousand for September-October combined. Analysts expect the 2016/17 season to set an export record of at least 4.4 million tonnes, with India taking a growing share.
Strong Ukrainian sunmeal export flows add supply to global protein meal markets, modestly pressuring competing meal prices, while Turkey's shift toward sunseed reflects a duty on sunoil.
smiraponitke.comadminDec 16, 2016Not enough comparable past events yet for a historical read.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), 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.
