Global Sunflower Market Weekly Summary

• Russia's 2026 sunflower sowing season is advancing with the Southern Federal District leading at 51% of sowing completed, followed by the North Caucasus Federal District at 11% and the Central Federal District at 1%. Krasnodar territory has completed 44% of its sowing plan and the Kherson region stands at 45.5%. Sowing activity is expected to accelerate from late April through early May on favorable weather conditions. Area projections remain stable, with the largest contributions anticipated from Saratov (1,500,000 hectares), Orenburg (1,400,000 hectares), Altai Territory (1,100,000 hectares), Rostov (1,000,000 hectares), and Volgograd (900,000 hectares).
• Ukraine's sunflower oil prices have reached $1,320 per ton as of April 22, 2026, a four-year high driven by strong global vegetable oil benchmarks and tight domestic seed availability. Constrained seed supply has elevated input costs and compressed crush margins, compounded by rising diesel costs disrupting transport from farms to processing facilities. Despite an upward revision to the 2025/26 harvest estimate of 11,000,000 tons, processing margins remain under pressure. With European demand stagnating, Ukrainian sellers are redirecting oil exports toward Turkey, making inventory clearance through that channel a key variable to monitor.

Global Soybean Market Weekly Summary

• Argentina's 2025/26 soybean production forecast has been revised upward to 48,600,000 tons, supported by better than expected early yield performance despite a 400,000 hectare reduction in planted area to 17,200,000 hectares. Late season rainfall has materially bolstered crop outcomes, with only 10.2% of the harvest completed to date. Domestic crush capacity is estimated at 41,000,000 tons, underpinning 29,000,000 tons of projected meal exports and reinforcing Argentina's leading position in global soy product trade.
• China's soybean imports reached 4,200,000 tons as of April 2026, reflecting a broader sourcing realignment toward Argentine and Brazilian origin, which collectively supplied 83% of total imports from October through March. A phytosanitary dispute with Brazil over weed seed contamination levels has introduced logistical delays at Brazilian ports, though strong import activity continues to signal sustained crushing demand for domestic use.
• Brazil's 2025/26 production forecast is exceptional at 178,110,000 metric tons, driven by yield gains across expanded planted area. Despite this record output, exports are projected to decline approximately 3% to 105,000,000 metric tons in 2026, reflecting logistical constraints including high freight costs, administrative slowdowns at export terminals, and a strategic shift toward greater domestic processing and stock accumulation.
• The United States has seen a 19% year on year decline in soybean export volumes in 2026. A $14,000,000 allocation under the America First Trade Promotion Program is directed at technical and market development in emerging markets, though this is widely viewed as insufficient to offset competitive pressure from lower cost South American supply. The domestic policy response centers on expanding crushing capacity and scaling biofuel production to absorb surplus beans.