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You Are Here Growers > Marketing > Week in Review




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April 21, 2014



REGISTER ONLINE FOR SUMMER SEMINAR

Register online for the 2014 Summer Seminar in Deadwood, SD on June 24-26. Click on the "Register Now" button at the bottom of the information page, found here: www.sunflowernsa.com/events. The Summer Seminar includes social outings and informational sessions. Social events include the Curt Stern Scholarship fundraiser, dinner at Deadwoods' Mountain Grand, and golf at Spearfish Canyon Country Club. Informational sessions will include presentations about weather trends, social media, precision planting, sunflower pathology needs, and more. For room reservations call: 877-393-5634 or 605-584-4800. A block of rooms is being held until May 9 under the "National Sunflower Association" for June 24 and 25, 2014. See you in Deadwood!

NSA RECEIVES USDA GRANTS TO HELP EXPAND FOREIGN EXPORT MARKETS

The National Sunflower Association has been awarded more than $1.3 million in grants from the US Department of Agriculture's Foreign Agricultural Service (FAS). The NSA received $1,119,044 from the Market Access Program (MAP). Through MAP, FAS partners with U.S. agriculture trade associations, like the NSA to share the costs of overseas marketing and promotional activities that help build commercial export markets for U.S. agriculture products. The program focuses on consumer promotion. The NSA received an additional $212,505 from the Foreign Market Development (FDA) Program, which focuses on trade servicing and trade capacity building by helping to create, expand, and maintain long-term export markets for U.S. agricultural products. The funding was made available through the 2014 Farm Bill. The NSA is one of more than 60 U.S. agricultural organizations to receive grant money.

REMINDER ABOUT STORED SEED

Spring was late to arrive, so temperatures tend to fluctuate greatly. Thus, growers planning on hanging onto sunflower hoping for a bump in price are reminded to keep a close watch on seed moisture levels. It's wise to have bins probed and tested regularly to protect your investment. No one wins when seed goes out of condition.

NSA SCHOLARSHIP AVAILABLE

NSA is seeking applicants for the Curt Stern Memorial Scholarship. In tribute to the dedicated work of Curt Stern, an industry advocate and former NSA board member, the National Sunflower Association board of directors established a memorial scholarship in his name. The ND Community Foundation and a committee consisting of NSA members administer the fund. Funds assist students who study in the field of agriculture with special emphasis on sunflower production, promotion, or research. Preference will be given to students who are in their last two years of undergraduate studies or in graduate level studies and have maintained at least a cumulative
3.0 GPA on a 4.0=A scale. Application deadline is May 15. The award amount varies each year. Available for award this year is $4,300. Applications can be submitted directly from the ND Community Foundation website at www.ndcf.net/Scholarships/CurtisSternApplication.asp. For additional questions please contact Tina Mittelsteadt at tinam@sunflowernsa.com.




PLANTER CONSIDERATIONS

As sunflower planting approaches for the major production region, it's important to take a close look at planter condition and settings. Achieving the perfect plant stand is one of the most critical challenges for growers each year. The NSA website offers a series of tutorial videos featuring John Smith, Agricultural Engineer with the University of Nebraska at Scottsbluff. Smith conducted seed placement tests on oil sunflower and large seeded confections using a variety of metering and planter types. His observations and recommendations for calibration and adjustments to achieve excellent plant spacing can be viewed at www.sunflowernsa.com/growers/planting/.

"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

Despite today's minor setback the rally in sunflower prices continues since the release of the USDA March planting intentions report. Old crop prices have increased $1.30 per cwt with new crop sunflower prices adding $1.00-$1.25 per cwt. USDA's March planting intentions report was bullish for sunflowers with acreage intentions below expectations. Keep in mind oils also receive a 2% price premium for each 1% of oil content that is over 40%. Using historical average oil contents of 43%, oil premiums coupled with current new crop prices has the total new crop price hovering around $23.00 at most crush plants. In addition, USDA's March Grain Stocks Report showed sunflower stocks 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. As a result crushers and confection plants are still offering new crop contracts that have cash and or Act of God (AOG) production clauses. Farmers nationwide are being hurt by rail congestion spurred by massive movement of crude petroleum oil by rail. You can spread out your market risk by planting crops such as sunflowers that can be delivered by trucks directly to processing plants this fall.

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


Weekly Prices Recorded on Monday, April 21, 2014 ($/CWT)
  Deliver Last Year Last Week This Week Change New Crop
  Chicago Oil          
  Nearby 48.62 42.26 43.00 +.74 43.40
  Fargo, ND          
  NuSun 22.30 21.35 21.75 +.40 21.55
  Enderlin, ND          
  NuSun 22.05 21.30 21.75 +.45 21.45
  Goodland, KS          
  NuSun 23.45 19.30 19.50 +.20 20.45


US CRUDE OIL VALUES
recorded on Monday, April 21, 2014
(dollars per 100 lb. internal U.S. location
  Last Year Last Week This Week Change
Soybean Oil 47.87 41.51 42.50 +.99
Cotton Oil (pbsy) 49.09 74.26 83.00 +8.74
Corn Oil 49.00 45.50 43.50 -2.00
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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