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Zhengzhou Commodity Exchange's sunflower seed oil futures and options launch on November 12, with the SO2711 contract covering the new harvest. Global sunflower oil output is forecast at a record 23.75 million tons for 2026/27 per the November USDA report, while Chinese port stocks are low and Black Sea export tax and logistics remain key variables.
New harvest supply and a record global crop point to softer deferred prices, while low Chinese port stocks and Black Sea disruption support near-term prices. Cross-oil substitution with soybean, palm and rapeseed oil will shape vegetable oil demand and price direction.
cnfin.comNov 11, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
