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You Are Here Growers > Marketing > Week in Review




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April 7, 2014



RESERVE YOUR ROOM FOR SUMMER SEMINAR

Make plans now to attend the 2014 NSA Summer Seminar. This year's Summer Seminar will be held June 24-26, 2014 at "The Lodge at Deadwood" in Deadwood, South Dakota. For room reservations call: 877-393-5634 or 605-584-4800. A block of rooms is being held under the "National Sunflower Association" for June 24 and 25, 2014. The program is being finalized now, and registration will open soon on our website, so check www.sunflowernsa.com for more information coming soon. See you in Deadwood!

TWO RE-ELECTED TO NSA BOARD OF DIRECTORS

Two North Dakota sunflower producers will serve another three years on the National Sunflower Association's Board of Directors. In District 3, Arnold Woodbury of Wyndmere, ND was elected to his third term as a ND Oilseed Council Board Member and NSA Board Member. Ben Vig of Sharon, ND, was re-elected to his second term as a ND Oilseed Council Board Member in Sunflower District 2. We're happy to have both men back for another three-year term on our board of directors.

COLORADO PRODUCERS TO VOTE ON CHECKOFF INCREASE

The Colorado Sunflower Administrative Committee (CSAC) is holding a referendum to increase the assessment rate. Sunflower producers in Colorado will have until Friday, April 18, 2014, to cast their vote on the proposed increase. If passed, the assessment will increase from $.03/hundredweight (cwt) to $.06/cwt for producers. Funds collected through assessments are used by CSAC to invest in sunflower research projects that discover yield improvement strategies such as disease and insect management, improve hybrid testing strategies, and quality improvement to both oil and confection type sunflower. The current assessment rate has not been increased since the Sunflower Market Order was established in 2001. Ballots will be mailed to all eligible voters beginning April 7, 2014. If a grower does not receive a ballot, contact the Colorado Department of Agriculture at (303) 239-4100 or markets@state.co.us to request a replacement ballot. All completed ballots must be postmarked by Friday, April 18, 2014.


MARCH/APRIL ISSUE OF THE SUNFLOWER NOW ONLINE

The March/April issue of The Sunflower is now online at www.sunflowernsa.com/magazine. This final issue of the 2013-14 publishing year features an update on South Dakota State University's combine fire research, a recap of the farm bill, a look back at sunflower's genetic gains, and a story about a new product called Sun Life Sunflower Spread. Those are just a few of the stories you'll find in the March/April issue of The Sunflower. This is the final issue of the 2013-14 magazine year, and we welcome your ideas as we plan for next year's issues, starting with the August/September 2014 issue.



SCLEROTINIA FUNDING

Researchers met in late January for the National Sclerotinia Initiative meeting in Minneapolis. Funding will be decided upon on April 23. Great progress is being made on this difficult disease that affects most broadleaf crops and requires multiple genes for resistance. Resistant genes are being identified in a number of wild sunflower species. Transferring those genes to cultivated sunflower is the present task. There is also a project to better balance the intensity and efficiency of selection for Sclerotinia resistance and other sunflower traits to make more progress per generation on all traits proportional to their actual value to the producer. The six sunflower specific projects total funding request this year is $536,405.


"LIKE" US ON FACEBOOK

Have you "liked" our Facebook page yet? If not, take a minute to do that now. Find us at www.facebook.com/sunflowernsa. It's a great way to connect with producers and industry leaders. And if you've got pictures or videos, we'd love to have you share them on our page!


UPCOMING EVENTS

June 24-26, 2014 - 2014 NSA Summer Seminar, Deadwood, SD


MARKETS

USDA's March planting intentions report was bullish for sunflowers with acreage intentions below expectations. Growers intend to plant a total of 1.59 million acres in 2014, up 1 percent from last year. Most market analysts had anticipated that total sunflower acres would be in the area of 2 million acres. USDA's March Grain Stocks Report showed sunflower stocks in all positions on March 1, 2014 totaled 806 million pounds, down 33 percent from last year. Given this level of stocks the bins will be empty come September and processors will be in need of new crop deliveries at harvest. With the release of the March reports, producers now have a benchmark to see what others are thinking of planting in 2014. It also gives them the chance to change their minds and make planting adjustments to take advantage of market opportunities. Crushers and confection plants are still offering new crop contracts that have cash and or Act of God (AOG) production clauses. Keep in mind oils also receive a 2% price premium for each 1% of oil content that is over 40%. At current new crop prices that can add significantly to the final price when delivered.

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


Weekly Prices Recorded on Monday, April 7, 2014 ($/CWT)
  Deliver Last Year Last Week This Week Change New Crop
  Chicago Oil          
  Nearby 49.52 40.42 41.43 +1.01 40.94
  Fargo, ND          
  NuSun 22.40 20.45 20.85 +.40 20.70
  Enderlin, ND          
  NuSun 22.40 20.45 20.85 +.40 20.80
  Goodland, KS          
  NuSun 23.70 18.60 19.00 +.40 19.95


US CRUDE OIL VALUES
recorded on Monday, April 7, 2014
(dollars per 100 lb. internal U.S. location
  Last Year Last Week This Week Change
Soybean Oil 48.77 39.17 40.43 +1.26
Cotton Oil (pbsy) 50.02 70.42 71.43 +1.01
Corn Oil 49.00 47.00 47.00 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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