National Sunflower Association
http://www.sunflowernsa.com/smartmail/Sunflower-Highlights-November-7-2016/
National Sunflower Association

Sunflower Highlights

Crop Progress
This year's sunflower harvest is winding down in reporting states; Minnesota reports 85% of that state's sunflower crop harvested, which is right in line with the average of 89%. South Dakota growers are 89% done with the sunflower harvest. 

Crop Progress - Monday, November 7, 2016
State This Week Last Week Last Year 5 Year Average
North Dakota        
Harvested 75 53 79 70
South Dakota        
Harvested 89 73 86 87
Texas        
Harvested 81 72 86 81
Kansas        
Mature 96 90 93 97
Harvested 65 50 66 66
Minnesota        
Harvested 85 80 100 89
Colorado        
Harvested 82 65 80 70


Seed Quality
High Plains 2016 2015
Oil Content 40.9% 40.8%
Foreign Material 6.5% 6.8%
Moisture 7.7% 8.0%
Test Weight 30.5 lbs 31.3 lbs
Northern Plains 2016 2015
Oil Content 43.5% 43.2%
Foreign Material 4.3% 5.1%
Moisture 9.7% 9.4%
Test Weight 30.9 lbs 30.9 lbs


Call for Papers Deadline Approaching
Submit your research paper by November 14, 2016 to present at the NSA Research Forum, which will be held January 11-12, 2017 in Fargo, ND. Presentations may be either oral or in the form of a poster. Click here to submit your application online. You do not have to submit the actual paper or poster at this time, just the information indicated online and the author information.

Markets
The main market mover this week will be the USDA Supply and Demand report which is released on Wednesday. Traders expect USDA to bump up its forecast of soybean production. Reports of better than expected yields are giving the impression that the 2016 crop looks bigger than USDA's last estimate. Most private analysts have raised their estimates of the 2016 soybean crop so an increase would not be out of line. Traders are also expecting USDA to raise US soybean carryout higher than last month’s estimate. If this is the case it could keep rally potential limited.  Reports are still coming out indicating that oil supplies are expected to tighten significantly in the 2016/17 marketing year as world consumption outstrips production.   Despite record vegetable oil production this year, and essentially over the past three years, consumption has been just as strong. World vegetable oil stocks are estimated to be at 18.0 million metric tons and have been drawn down for four consecutive years. If realized, oil stocks would be at the lowest levels since the 2011-2012 season. This would allow world vegetable oil markets to firm up with the market becoming more oil driven rather than meal. This is positive news for sunflower as seed prices are primarily based on oil values.

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