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This is the Sunflower Market News for 03/28/2023

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Sunflowers are priced per hundred weight (CWT).

NuSun Prices

Location March Change April Change 2023 New Crop Change
West Fargo ND 21.00 unch 21.00 unch 22.80 unch
Enderlin ND 22.30 unch 22.30 unch 23.95 Cash/23.45 AOG unch
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.

 
 

High Oleic Prices

Location March Change April Change 2023 New Crop Change
West Fargo ND 21.50 unch 21.50 unch 24.30 Cash/23.80 AOG unch
Pingree ND-Cargill 21.20 unch 21.20 unch NQ unch
Enderlin ND 22.80 unch 22.80 unch 25.15 Cash/24.65 AOG unch
Hebron ND NQ unch NQ unch 23.55 Cash unch  
Pingree ND-ADM NQ unch NQ unch 24.15 Cash unch
Lamar CO 23.25 unch 23.25 unch 25.25 AOG unch

 

CBoT

  Trading Range Nearby Close Change
Soybean Oil +.07 to +.50 55.05 +.50
Soybean Meal +4.50 to +11.90 457.90 +11.90
 
 
Market Comments

Sunflower prices followed the slide in canola and soy product prices this week. Nearby prices were down 75 cents to $2.00 with new crop down 70 cents to $1.00. Next week expect a lot of market chatter about projected U.S. planted acreage. USDA releases its first official planted acreage estimates in the March Prospective Plantings Report on March 31. The March numbers typically change following planting, but it is the first look at acres for traders. Changes could be in store in the June 30 Acreage Report depending on how planting goes this spring.  Traders are hoping for an ideal growing season with good yields to restock domestic supplies. As always, mother nature has the final say in what gets planted. Currently North Dakota and Minnesota have a large area with a deep snowpack. Below normal temperatures are forecast to linger into mid-April. A cool and wet spring has the potential to throw off planting progress and rotations. Without favorable planting weather across the Northern and High Plains states in the coming weeks acreage shifts could occur. As a result, planted acres are likely to remain a moving target for the next couple months leading to market volatility. Traders will also focus on South American oilseed production prospects. Drought has reduced the prospects for Argentina’s soybean and sunflower crops. In addition, the market is monitoring the impact of the Black Sea Grain Initiative which was renewed for another 60 days.

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