Sunflower Highlights
June 12, 2017
Crop Progress
Planting is wrapping up in the Dakotas and Minnesota; Minnesota growers report 97% of that state's sunflower crop planted. Things are moving along in Kansas as well, where 34% of the sunflower crop is planted and 10% is emerged.
crop progress table
Crop Progress - Monday, June 12, 2017
State This Week Last Week Last Year 5 Year Average
North Dakota        
Planted 96 81 91 76
Emerged 51 25 50 NA
South Dakota        
Planted 72 48 65 53
Emerged 37 2 NA NA
Kansas        
Planted 34 19 47 48
Emerged 10 NA NA NA
Texas        
Planted 70 65 78 86
Minnesota        
Planted 97 94 100 88
Colorado        
Planted 29 12 44 41
USDA Seeks Grower Feedback
During the next several weeks, U.S. Department of Agriculture’s (USDA) National Agricultural Statistics Service (NASS) will conduct two major mid-year surveys: the June Agricultural Survey and the June Area Survey. The agency will survey operators to determine crop production and supplies levels in 2017. NASS gathers the data for the June Agricultural Survey online, by mail, phone, and in-person interview. For the June Area Survey, agency representatives visit randomly selected tracts of land and interview the operators of any farm or ranch on that land. Growers provide information on crop acreage, grain stocks, livestock inventory, cash rents, land values, and value of sales. NASS will compile and analyze the survey information and publish the results in a series of USDA reports, including the annual Acreage report and quarterly Grain Stocks report, both to be released June 30, 2017. Survey data contribute to NASS’s monthly and annual Crop Production reports, as well as the annual Small Grains Summary and USDA’s monthly World Agricultural Supply and Demand Estimates.
Grower Report
Dickinson, ND producer Art Ridl is patiently waiting for rain. He finished planting 1,900 acres of high oleic sunflower last week and is hoping they’ll be a good crop in a drought year. Ridl says the area is very dry.
NSA Summer Seminar to Cover Timely Topics
Speakers at this year’s NSA Summer Seminar will cover some very timely topics. Dale Thorenson of Gordley Associates will kick off the sessions by outlining the timeline and challenges ahead for the 2018 Farm Bill. Travis Maddock of Dakota Global Consulting, LLC will talk about the basic tenants of the Food Safety Modernization Act and how it might affect sunflower processors. Topics will include Preventive Controls for Human and Animal Food, what is a Preventive Control Qualified Individual, exemptions, and compliance dates. John C. Baize of John C. Baize and Associates will talk about the oilseed outlook. Baize will discuss the current U.S. and global supply and demand situation for major oilseeds including sunflower seed, soybeans, cottonseed and palm oil as well as the outlook for the oilseeds and vegetable oils in the next year and beyond. The afternoon will be filled with breakout sessions on more topics of interest. For a complete schedule and registration information, click here
Register Now for NSA Summer Seminar
It’s not too late to register for the 35th annual Summer Seminar. Join us in Rapid City, South Dakota June 27-29 for this informative and fun event. Registration is easy – you can register on our website. Click here to be directed to the registration page. Registration will increase to $400 and golf to $140 at the door, so register now!
Upcoming Events
June 27-29, 2017 – NSA Summer Seminar, Rapid City, SD
January 10-11, 2018 – NSA Research Forum, Fargo, ND
Markets
Sunflower prices continue to move upward gaining 15 to 35 cents this week at the crush plants.  Sunflower planting is moving along at or ahead of the five-year average in most states. Above normal temperatures with below normal precipitation continue in the Northern Plains. Of major concern is many areas in the US sunflower production region have already slid into a moderate to severe drought situation. Last week USDA released its latest supply and demand report. It left domestic corn and soybean production unchanged, but bumped up both old crop and new crop soybean ending stocks both domestically and globally. Traders considered the USDA adjustments as mildly bearish. The surprise in the numbers was that USDA increased its estimate of Brazil's soybean production from 111.6 MMT to 114.0 MMT in 2016-17 and its estimate of Argentina's production from 57.0 MMT to 57.8 MMT. The figure for Brazil was higher than most traders were expecting. There were also rumors last week that USDA could look at the lack of prevent plant acres especially in North Dakota versus what they accounted for in the March intentions and could actually increase US 2017 corn, soybean and wheat acres in the June 30 planted acre report. Most traders have been looking for lower US corn and spring wheat acres and an increase soybean acres versus the March numbers.
Weekly Prices Recorded on Monday, June 12, 2017 ($/CWT)
  Deliver Last Year Last Week This Week Change 2017 NEW Crop
Chicago Oil Nearby 32.51 31.31 31.94 +.63 32.42
Fargo, ND NuSun 17.40 15.25 15.50 +.25 16.60
Enderlin, ND NuSun 17.40 15.30 15.45 +.15 16.65
Goodland, KS NuSun 17.10 13.85 14.00 +.15 14.85
Goodland, KS High Oleic 18.10 15.50 15.65 +.15 16.85
Prices recorded here are believed to be reliable at the time of posting. All prices are subject to change. Contact these facilities for complete market details.
U.S. CRUDE OIL VALUES recorded on Monday, June 12, 2017
(dollars per 100 lb. internal U.S. location)
  Last Year Last Week This Week Change
Soybean Oil 30.01 28.81 29.94 +1.13
Cotton Oil (psby) 47.51 37.31 37.94 +.63
Corn Oil 45.50 43.50 43.50 NC
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