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This is the Sunflower Market News for 4/20/2018

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Sunflowers are priced per hundred weight (CWT).
 

NuSun Prices

Location Apr Change May Change New Crop 2018 Change
Fargo ND  17.85 unch 17.85 unch 18.50 Cash/18.00 AOG unch
Enderlin ND 17.75 unch 17.75 unch 18.50 Cash/18.00 AOG unch
Goodland KS 17.00 unch NQ unch 17.50 AOG unch
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.

 

High Oleic Prices

Location Apr Change May Change New Crop 2018 Change
Fargo ND 17.75 unch 17.75 unch 18.45 Cash/17.95 AOG unch
Enderlin ND 17.75 unch 17.75 unch 18.70 Cash unch
Hebron ND NQ unch NQ unch 17.70 Cash unch
Pingree ND NQ unch NQ unch 18.20 Cash unch
Goodland KS 18.00 unch NQ unch 18.50 AOG unch

 

CBoT

  Trading Range Nearby Close Change
Soybean Oil -.11 to -.18 31.30 -.11
Soybean Meal -.80 to +.80 374.10 +.80
Market Comments

Old crop sunflower prices finished the week up 5 cents. New crop prices ended mixed at down 10 to up 5 cents. Markets have been rattled by trade impacting headlines that potentially could lead to lost market opportunities. The latest news was that U.S. companies would need to put up a 178.6 percent deposit on the value of sorghum shipments into China, which will effectively act as a duty and block all trade. There were also reports that some shipments of sorghum bound for China reversed course after being threaten by these anti-dumping penalties this week. Rumors also circulated that the Chinese have purchased soybeans from Canada. This left the trade with the impression that perhaps China is more serious about trying to find supply alternatives for soybeans. Nothing has been implemented yet, but China has threatened to add an additional 25% tariff on US soybeans in retaliation for potential US tariffs on Chinese products. If the 25% tariff kicks in, traders feel the current large US soybean supply and slower demand for products will drive down new crop soybean prices as Chinese imports account for about 33% of the US soybean production each year. Adding further pressure has been the slow corn planting pace which traders believe could add more soybean acres this spring. These events have clearly created a heavy cloud over the market.
 

 

 

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