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You Are Here Growers > Marketing > Week in Review




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August 25, 2014



CROP PROGRESS

Harvest is progressing in Texas - 45% of the crop has been harvested, which is way ahead of the average. In the Dakotas, sunflowers are still blooming - South Dakota reports 84% of the sunflowers there are blooming and in North Dakota 92% are blooming. And those sunflowers are in good condition - 83% of North Dakota's sunflowers are reported in good to excellent condition.


CROP PROGRESS as of September 2, 2014
  This Week Last Week Last Year 5 Yr. Avg
NORTH DAKOTA
Blooming
97% 92% 97% 98%
NORTH DAKOTA
Petals Dry
34% 3% 25% 42%
SOUTH DAKOTA
Blooming
94% 84% 97% 98%
SOUTH DAKOTA
Petals Dry
17% 2% 17% 38%
SOUTH DAKOTA
Bracts Yellow
1% -- NA NA
KANSAS
Blooming
86% 72% 92% 90%
KANSAS
Petals Dry
19% 2% 36% 37%
KANSAS
Bracts Yellow
1% -- 8% 13%
TEXAS
Harvested
59% 45% 16% 18%
Source: USDA NASS (not all states reporting)


SUNFLOWER CROP CONDITIONS
as of September 2, 2014
  Very Poor Poor Fair Good Excellent
North Dakota 0 1 16 70 13
South Dakota 0 2 40 54 4
Kansas 3 7 32 51 7
Colorado 3 18 28 44 7
Minnesota 0 7 54 32 7
Source: USDA NASS (not all states reporting)

GROWER REPORT

It's been a soggy few days for northwestern South Dakota producer Ron Seidel. The Meadow-area grower says from Thursday night to Saturday morning, more than 2.5 inches of rain fell. That's on top of a wet spring that kept Seidel from planting all the sunflowers he had planned; he only planted 1,800 acres of the 5,200 acres he had scheduled for sunflowers. Still, he says the flowers they managed to plant look excellent and he's expecting an above average crop. He sprayed for seed weevil and hasn't seen any other insects or diseases in the sunflower fields. Seidel says his earliest planted flowers are at stage R5 to R6. The sunflowers that were planted a little later are still in an R4.

SCOUT FOR SUNFLOWER RUST

Have you scouted your sunflowers for rust? Conditions have been favorable for rust development, and sunflower rust was found on volunteers and wild sunflowers early in the growing season. Rust can cause significant yield loss when high severity is found on the upper leaves. Fortunately, it can be managed with fungicides. Rust is favored by free moisture, particularly heavy dew and/or fog. The disease is often first observed near shelterbelts, where dew lasts longer because of shade and protection from the wind. When scouting, look for pustules with dusty cinnamon-brown spores that can easily rub off. For more on sunflower rust, visit www.sunflowernsa.com/growers/diseases/rust-damage-and-control/.

KEEP SCOUTING FOR INSECTS

While scouting for rust, producers should also continue to be on the lookout for insects, especially red sunflower seed weevil, banded sunflower moth, sunflower moth, and Lygus bugs through stage R5.7. All have been reported in the Dakotas. For more about these insects, visit www.sunflowernsa.com/growers/insects/.

CARGILL INNOVATION CENTER OFFERS FAST TRACK TO NEW PRODUCTS

A $5.5 million dollar renovation at the Plymouth Food Innovation Center is complete. The renovation doubled the square footage of Cargill's research center in Plymouth, MN, from 20,000 to 40,000 square feet. The facility offers retail and foodservice customers full access to state-of-the-art research equipment and the collective knowhow of its food scientist to quicken product development cycles and improves access to global market insights and technologies. The facility's ingredient expertise spans snacks, cereal, bakery, confectionery, convenience, and frying applications.

GMO LABELING MEASURES ON THE BALLOT IN TWO STATES

Voters in two states will vote on a GMO ballot measure this fall. The measure has qualified for the ballot in Colorado and Oregon. Both proposals call for labels on food made with genetically engineered ingredients. Colorado's Initiative 48 would require food that has been genetically modified or treated with genetically modified material to be labeled, "Produced with Genetic Engineering." Several categories of food are exempt from the proposed new law, including animal feed and drink, alcoholic beverages, and chewing gum. Meat from all animals would also be exempt, even if the critter had been fed a diet of genetically engineered food. Food not packaged for retail sale would also be exempt. Oregon's measure, Initiative 44, would require all food with ingredients subjected to genetic engineering to bear the words "Genetically engineered" on either the front or the back of the package. If the food is not packaged, as in produce sections, stores would have to display labels displaying the same message. Oregonians for Food and Shelter will lead the campaign against I-44. It says that labeling will cost taxpayers and consumers millions and hurt Oregon farmers and food producers.

SIGN UP FOR E-PUBLICATIONS

Sign up now to get a link to a digital copy of our magazine, The Sunflower. The Sunflower is published six times a year and each issue includes popular features like grower profiles, sunflower research, market commentary, sunflower briefs, and more. It's easy to sign up. Visit our website at www.sunflowernsa.com/mms/sign_up.asp, click "sign up" and follow the directions. If you're already subscribed to our newsletter, just log into you account and sign up for the digital edition of the magazine - you'll receive your first issue soon!

UPCOMING EVENTS

August 5 - High Plains Committee Meeting, Goodland, KS
September 16 - NSA Research Committee Meeting
January 7-8, 2015 - NSA Research Forum, Fargo, ND
June 23-25, 2015 - 2015 NSA Summer Seminar, Brainerd, MN

MARKETS

Nearby and new crop sunflower prices continue to be influenced by weak world vegetable oil prices. Malaysian palm oil futures slid to near a five-year low following losses in overseas soy markets. The lower palm oil futures have acted like a lead weight around the neck of CBoT soyoil values dragging them further toward new market lows last week. Growing conditions throughout the Midwest continue to be very positive for oilseed development and fears of an El Niño are fading in Southeast Asia. The lack of the later event will contain the upside in palm oil prices. Reports from the Pro Farmer crop tour continue to build confidence that US row crops will top or at least match USDA's August forecasts. If realized this will lead to a potentially record large US soybean crop and will keep oil values under pressure. Early reports out of Brazil and Argentina point to increased soybean plantings at the expense of corn due to low prices and high input costs. Sunflower prices at crush and birdfood plants are trending in the direction that the market believes that supplies will be fully adequate until the harvest of the new crop begins this fall.

For sunflower prices at various locations refer to our website Daily Market News.


Weekly Prices Recorded on Monday, August 25, 2014 ($/CWT)
  Deliver Last Year Last Week This Week Change New Crop
  Chicago Oil          
  Nearby 44.44 32.96 32.74 -.22 32.96
  Fargo, ND          
  NuSun 20.85 17.30 17.35 +.05 17.45
  Enderlin, ND          
  NuSun 21.25 17.40 17.35 -.05 17.35
  Goodland, KS          
  NuSun 21.50 16.15 16.10 -.05 16.95


US CRUDE OIL VALUES
recorded on Monday, August 25, 2014
(dollars per 100 lb. internal U.S. location)
  Last Year Last Week This Week Change
Soybean Oil 42.94 33.46 33.47 +.01
Cotton Oil (pbsy) 44.94 57.96 65.00 +7.04
Corn Oil 40.50 38.50 38.50 NC
Prices recorded here are believed to be reliable at the time of publication. Individual companies have the right to correct any errors that may occur. Contact these facilities for complete market details


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