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This is the Sunflower Market News for 5/27/2016

Click here to view sunflower price averages.

Sunflowers are priced per hundred weight (CWT).
 

NuSun Prices

Location May Change June Change New Crop 2016 Change
Fargo ND 16.85 +.15 16.85 +.15 Cash 17.65/AOG 17.15 +.10
Enderlin ND 16.90 +.20 16.90 +.15 Cash 17.55/AOG 17.05 +.10
Goodland KS 16.85 +.20 16.85 +.20 Cash 17.00/AOG 16.00 +.10
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 May Change June Change New Crop 2016 Change
Enderlin ND NQ unch NQ unch AOG 18.80 +.10
Pingree ND NQ unch NQ unch AOG 17.95 +.10
Goodland KS 17.85 +.20 17.85 +.20 Cash 18.75/AOG 17.75  +.10
Fargo ND 17.15 +.15 17.15 +.15 NQ unch

 

CBoT

  Trading Range Nearby Close Change
Soybean Oil +.44 to +.47 31.48 +.44
Soybean Meal -7.00 to +1.50 402.60 -7.00

 
Market Comments


Old Crop High Oleic bids are offered at Cargill in Fargo and ADM Goodland.

The current market for oilseeds and products has bulls and bears at odds. Market bulls are trying to find a good reason to justify the rally in beans and meal. They are mainly linking this to new speculative buying on talk of higher US 2016/17 soybean demand. This train of thought is tied to lower South America supply and lower Argentine soybean quality. Others feel soybeans may be finding new buyers after reports El Nino has run its course and we are headed into a drier and warmer US summer as a La Nina event sets in. Market bears are confused by these thoughts and believe that there is an adequate nearby world supply of corn, wheat and soybeans. They also believe US farmers are cutting back on wheat and corn and adding soybean acres on this rally.  Bears think US farmers will likely exceed the March planting intentions acreage figure by a large amount setting the market into a downward correction by late June or early July. They are looking at a favorable US Midwest two-week weather forecast and think a potential La Nina this summer could be weaker than earlier feared. Needless to say from now until the end of June the market will be in for an interesting ride as the bulls and bears fight it out to see who is correct. NOAA also released its three-month summer forecast. The sunflower growing region is expected to have normal to above normal temperatures and normal precipitation in June, July and August. Very dry conditions are prevalent across the sunflower growing region at this time. Sunflowers will do well in these types of conditions due to its drought tolerance. Other crops may suffer so weather will be a concern in the months ahead if this scenario plays out. Crushers are still offering 2016 new crop Act of God (AOG) NuSun and high oleic sunflower contracts. Something else to keep in mind is oil premiums that are paid on sunflower. Oil premiums 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%.

Confection Sunflower Seed Market
as of 5/27/2016

Processor Buying Current Crop Contracting 2016 New Crop Company Comment  
Advanced Sunflower        
Huron, SD Yes Buying oils & con-oils for de-hulling Yes Buying oils & con-oils for de-hulling Give us a call  
Redfield, SD Yes Buying oils & con-oils for de-hulling Yes Buying oils & con-oils for de-hulling    
CHS Inc.        
Grandin, ND Yes Buying Oil Sunflowers Yes Contracting long and conventional types  
Hazel, MN No Yes Contracting long and conventional types  
Erker Trading Company        
Fort Morgan, CO Yes Ask Purchasing black oils for bird food  
Alice, TX Ask Ask    
Proseed/PK Sunflower        
Karlstad, MN No No Buying and contracting oils only.  
RR Commodities        
Colby, KS No No Contracting Confection Types  
Fargo, ND Yes Oil Sunflower for Birdfood No Contracting Confection Types  
Lubbock, TX Yes Oil Sunflower for Birdfood No Contracting Confection Types  
SunOpta        
Breckenridge MN Yes Yes Contracting Con-Oil, Oil and Organic for hulling. We are also contracting confection type sunflowers at all locations.  
Crookston, MN Yes Yes Contracting Con-Oil, Oil and Organic for hulling. We are also contracting confection type sunflowers at all locations.  
Grace City, ND Yes Yes Contracting Con-Oil, Oil and Organic for hulling. We are also contracting confection type sunflowers at all locations.
(Dollars per 100 Lbs.)

Legend
# NQ - No Quote
# NA - Not Available
# Split price (X/Y) is for: X for seeds remaining over a 20/64 and Y for seeds falling through a 20/64 round hole screen

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.
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