National Sunflower Association
http://sunflowernsa.com/smartmail/Sunflower-Highlights-June-10-2019/
National Sunflower Association

Sunflower Highlights

Crop Progress
All reporting states have made progress in sunflower planting this week; Minnesota reports 89% of the crop planted, which is on track for the average of 88%. South Dakota reports 19% planted, well behind the average of 54%.

Crop Progress - Monday, June 10, 2019
State This Week Last Week Last Year 5 Year Average
North Dakota        
Planted 69 43 84 81
Emerged 30 6 39 ---
South Dakota        
Planted 19 --- 60 54
Colorado        
Planted 35 8 35 30
Kansas        
Planted 38 17 51 37
Minnesota        
Planted 89 74 93 88
Texas        
Planted 63 56 68 78


ADM Combines Grain Trading, Oilseed Units
Global grains trader Archer Daniels Midland Co will consolidate five business units into four in the company’s second reorganization in just over a year. ADM will combine its grain trading and oilseeds segments into a new business unit called Ag Services & Oilseeds, effective July 1. It is a move analysts say could better streamline its North American operations and cut costs. The new unit will be led by Greg Morris, former president of ADM’s oilseeds unit.

NSA Summer Seminar to Cover Timely Topics
Speakers at this year’s NSA Summer Seminar will tackle topics that are on the minds of producers and industry leaders. Morning sessions include a panel of young farmers from the Dakotas, and a presentation about the future of sunflower oil. RMA Administrator Martin Barbe will give the keynote address over the noon hour. The afternoon will be filled with breakout sessions on more topics of interest, including sunflower research, combine fire solutions and Palmer Amaranth.
Click here for a complete schedule and registration information.

Register Now for Summer Seminar
It isn’t too late to register for the 27thannual Summer Seminar. Join us in Medora, ND June 25-27 for this informative and fun event. Registration is easy – click here to register online. Registration at the door will increase to $425 and golf will be $195, so register now!  Contact Tina Mittelsteadt at tinam@sunflowernsa.com with questions.

Weed Management Field Day Slated for July 2
The K-State Research and Extension Agricultural Research Center in Hays, Kansas will host its annual weed management field day on July 2. The event will include discussions and demonstrations related to weed control in sunflower, corn, soybeans and grain sorghum. It will run from 8 a.m. to 1:30 p.m. There is no cost to attend the field day, and lunch will be provided. If you’d like to attend, click here to pre-register online or call the research center at 785-625-3425. Commercial applicator certification and continuing education credits will be available. The field day is co-sponsored by the Kansas Soybean Commission, Kansas Sunflower Commission, National Sunflower Association, Sorghum Checkoff, Bayer CropScience, Corteva Agriscience, FMC Corporation, Gowan, Syngenta, NuFarm, WinField, UPL and Valent.

Upcoming Events
June 25-27, 2019NSA Summer Seminar, Medora, ND
 
January 8-9, 2020: NSA Research Forum, Holiday Inn, Fargo, ND

Markets
Old crop prices were unchanged to up 5 cents this week. Nearby prices have gained 10 to 50 cents depending on location in the past two weeks. Prices in general remain stable after some heavy producer selling led to price pressure at the crush plants earlier this spring. Last year at this same time, ample supplies, strong deliveries by producers and a large old crop inventory kept the pipeline full at the crush plants keeping a lid on prices. That’s not the case this year as a smaller 2018 crop coupled with smaller beginning stocks has the industry using up stocks to meet demand. The latest trade aid payment package remains on the mind of traders. In order to qualify for the program payments producers must plant their acres with a qualifying crop. This requirement and the sluggish planting pace this spring in the Midwest has traders wondering how many acres will be switched from corn to soybean this year. This has created additional volatility on the CBoT for soybean, meal and oil contracts since the program was announced. The market is also focusing on trade and exports, which have been bearish. USDA releases its next crop production report Tuesday. Analysts expect the agency to show a slight decline in 2019 soybean production potential, and expect slightly higher 2019/20 ending stocks, however, moving from May estimates of 970 million bushels up to 990 million bushels.

Weekly Prices Recorded on Monday, June 10, 2019 ($/CWT)
  Deliver Last Year Last Week This Week Change 2019 NEW Crop
Chicago Oil Nearby 30.58 27.34 27.38 +.04 28.02
Fargo, ND NuSun 18.25 17.60 17.60 NC 16.55
Fargo, ND High Oleic 18.05 17.75 17.80 +.05 16.65
Enderlin, ND NuSun 18.10 17.10 17.10 NC 16.40
Enderlin, ND High Oleic 18.10 17.50 17.50 NC 16.60
Goodland, KS NuSun 17.20 16.40 16.40 NC 16.55
Goodland, KS High Oleic 18.20 17.50 17.50 NC 17.80
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.


U.S. CRUDE OIL VALUES recorded on Monday, June 10, 2109
(dollars per 100 lb. internal U.S. location)
  Last Year Last Week This Week Change
Soybean Oil 28.78 27.74 27.63 -.11
Cotton Oil (psby) 29.52 36.34 36.38 +.04
Corn Oil 34.00 29.00 29.00 NC


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