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You Are Here Growers > Marketing > Week in Review




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December 15, 2014



CRP CONTRACTS CAN BE TERMINATED

As part of the 2014 Farm Bill, participants meeting specific qualifications may have the opportunity to terminate their CRP contract during fiscal year 2015 if the contract has been in effect for a minimum of five years and if other conditions are also met. For more information on terminating CRP contracts visit a local FSA county office. Producers/Land owners have until January 30, 2015 to decide.

SEED QUALITY

Northern Plains Summary:
Test Weight: 24-32 lbs
Moisture: 10%
Foreign Material: 4%
Oil Content: 32-48%
High Plains Summary:
Test Weight: 30.21 lbs
Moisture: 8.70%
Foreign Material: 5.23%
Oil Content: 42.04%

REGISTER NOW FOR 2015 RESEARCH FORUM

If you're planning to attend the NSA Research Forum in Fargo January 7-8, 2015, register now. Pre-registration is $95 - on December 28 that will increase to $110 and if you register at the door on the day of the Forum, registration will be $135. You can preregister on our website at www.sunflowernsa.com/events/.

TEXAS A&M AGRILIFE'S SUNFLOWER MEETING SET FOR DECEMBER 19

Sunflower producers can update their crop expertise and learn about opportunities for sunflower cropping 2015 at a meeting December 19 in Dalhart, TX. The program will include AgriLife Extension agronomy and insect updates as well as sunflower industry updates for oilseed and confectionary contract prices, hybrid seed and chemicals.
Presenters will be Dr. Calvin Trostle, AgriLife Extension state sunflower specialist and agronomist in Lubbock, and Dr. Ed Bynum, AgriLife Extension entomologist in Amarillo. The update will begin at 11 a.m at the Bar H Restaurant in Dalhart. Registration is $10 and one Texas Department of Agriculture continuing education unit will be available, split between general and integrated pest management. For more information, contact Mike Bragg at 806-244-4434 or mhbragg@ag.tamu.edu, or contact Trostle at 806-746-6101 or ctrostle@ag.tamu.edu.

SUNFLOWER OIL EXPORTS INCREASE

Sunflower oil exports are up in the first month of the marketing year 2014-15. Oil exports are up from 2,033 metric tons (MT) during October 2013 to 2,953 MT in October 2014. Canada remains the top importer, with 1,590 MT. Exports to Japan is up from 30 MT last year to 1,079 this year.

EXPORTS OF IN-SHELL SUNFLOWER AND KERNEL INCREASE

Exports of both in-shell sunflower and sunflower kernel are up from this time last year. Kernel exports stand at 904 metric tons (MT), compared to 895 MT a year ago. In-shell exports increased from 3,692 MT in October 2013 to 4,847 MT in October 2014. Spain remains the top importer of in-shell sunflower, at 1,708 MT so far this year.

SUNFLOWER CROP GERMPLASM COMMITTEE MEETING SCHEDULED

A meeting of the Sunflower Crop Germplasm Committee (CGC) is planned for January 6, 2015 at the USDA-ARS Northern Crop Science Laboratory in Fargo, ND. Members will be elected and reelected, and a Chair and Vice Chair will also be elected. The meeting is opne to everyone. If you're interested but unable to attend, contact Gerald Seiler at gerald.seiler@ars.usda.gov.

UPCOMING EVENTS

December 16, 2014 - SD Soil Health Challenge, Rapid City, SD
December 18, 2014 - SD Soil Health Challenge, Aberdeen, SD
January 7-8, 2015 - NSA Research Forum, Fargo, ND
January 23-25, 2015 - Kansas Farm Bureau Young Farmers and Ranchers (YF&R) Leaders Conference, Manhattan ,KS
June 23-25, 2015 - 2015 NSA Summer Seminar, Brainerd, MN


HOLIDAY BREAK

This edition of the Sunflower Week in Review will be the last for 2014. We will return with the weekly newsletter on January 5. Merry Christmas and Happy New Year from the National Sunflower Association!

MARKETS

Sunflower prices had another good week with the birdfood market still giving support to old and new crop prices. Old crop seed prices gained 30 to 35 cents per cwt. 2015 new crop added 20 to 25 cents per cwt. Old crop high oleic cash bids at the Enderlin and Goodland crush plants were at $3.00 over NuSun prices. The Fargo crush plant has a bid out for old crop high oleic at a premium to NuSun prices as well. USDA released its latest supply and demand report last week. The U.S. crop numbers in the report were fairly benign and close enough to trade forecasts that traders focused more on the world numbers leading to a bearish reaction on the CBoT. Big global crops particularly in South America are gaining attention of traders. They believe there will be plenty of oilseeds into 2015. USDA estimated the Brazil soybean crop at 94 million metric tons (MMT) and the Argentine soybean crop at 55 MMT; both figures are unchanged from November. USDA did lower world soybean ending stocks near 89.9 MMT. This represents a slight decrease from last month and compares to 66.6 MMT last year.

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


Weekly Prices Recorded on Monday, December 15, 2014 ($/CWT)
  Deliver Last Year Last Week This Week Change 2015 New Crop
  Chicago Oil          
  Nearby 39.75 31.77 32.27 +.50 32.53
  Fargo, ND          
  NuSun 19.85 18.50 18.85 +.35 18.35
  Enderlin, ND          
  NuSun 19.85 18.45 18.75 +.30 18.30
  Goodland, KS          
  NuSun 18.85 19.20 19.50 +.30 19.05


US CRUDE OIL VALUES
recorded on Monday, December 15, 2014
(dollars per 100 lb. internal U.S. location)
  Last Year Last Week This Week Change
Soybean Oil 37.50 31.27 32.27 +1.00
Cotton Oil (pbsy) 45.25 39.85 40.77 +.92
Corn Oil 39.00 35.50 34.50 -1.00
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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