Nearby prices at the crush plants are down 65 cents to up $2.00 in a range of $24.75-$25.45. Compared to last year at this same time nearby prices are trading $3.75-$4.30 per cwt. higher depending on location. Crush plants are offering 2027 new crop cash and Act of God (AOG) high oleic contracts at $25.00-$25.30. Something else to consider is the oil premiums that crush plants pay on sunflowers. Sunflower is the only oilseed that pays premiums for oil content above 40%. Considering oil premiums that are offered at the crush plants on oil content above 40% at a rate of 2% price premium for each 1% of oil above 40%; this pushes a contract with 45% oil content gross return 10% higher per cwt. The $25.00 contract increases to $27.50, and the $25.30 contract moves up to $27.80. Harvest in the Dakotas and Minnesota was slowed by damp rainy conditions in the last week of October. Favorable weather conditions have returned in the past week allowing sunflower producers to make good harvest progress. Harvest progress advanced 10% to 75% complete for the week ending November 8. In the past week, producers harvested an additional 170,895 acres pushing 2026 harvested acres to about 950,810 acres. Harvest progress is 4% ahead of the five-year average. The weather conditions in the next two weeks in the Northern Plains are expected to allow the remaining harvest to move forward.
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