Nearby sunflower prices for the week ended up 20 to 40 cents. New crop prices for sunflowers were unchanged to up 50 cents. We are in the price discovery process for 2025 crop insurance price elections. Based on the current CBoT December contract price the projected price for oil sunflower would be about $23.00 with confections at $28.00. These prices are slightly lower than last year. Corn, soybean, and spring wheat prices are also presently lower than where they were last year at this same time. Currently, projected prices are not known, as February is just beginning. However, current futures levels provide reasonable indications of 2025 projected prices. To follow sunflower price election trends, watch the 2025 CBoT December soyoil contract through February 28. Final price elections will be announced in early March. On the CBoT, traders are squaring positions ahead of the next World Agricultural Supply and Demand Estimates (WASDE) report from USDA. In the week ahead CBoT traders will be keeping tabs on South American weather conditions and the latest USDA yield and production forecasts. Some market analysts think the market is acting like another big crop is coming in South America, regardless of what forecasters predict. Some believe that to see a significant 2025 price upside, the world would need to see weather related supply shortages develop this year.
2025 new crop sunflower prices at the crush plants are available at cash $22.55-$23.00 and Act of God (AOG) $22.05-$24.00. Something else to consider is the oil premiums that crush plants pay on sunflowers. Sunflower is the only oilseed that pays premiums for oil content above 40%. Considering oil premiums that are offered at the crush plants on oil content above 40% at a rate of 2% price premium for each 1% of oil above 40%; this pushes a contract with 45% oil content gross return 10% higher per cwt. The $23.00 contract increases to $25.30.
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