Ukrainian sunflower seed stocks are way down.
In fact, they are down 73 percent year-over-year as of the beginning of July. Stocks at last count were between 1- to 1.7 million metric tons compared to nearly 5 million metric tons in July of 2022.
But despite lower stocks, market analysts do not necessarily believe there will be a July-August-September deficit.
Some crush plants are stopped right now for planned repairs. Some are switching to rapeseed. A cold spring and late planting have sunflower harvesting 20 to 30 days behind.
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